Sensex, Nifty extend losses: Will Dalal Street see further correction?

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Key Points

On Thursday, the S&P BSE Sensex fell over 860 points, barely managing to stay above 63,000 as of 2 pm..

Domestic stock market investors have been taken by surprise over the past few days as benchmark indices have witnessed a sharp correction over the past six days...

In view of the sluggish momentum over the past few trading sessions, investors are worried whether the domestic markets will continue to face heavy losses during the festive season...

With the 10-year bond yield at near 5 per cent FPIs are likely to be in the sell mode," Vijayakumar said.. Simply put, analysts believe that the fundamentals of the Indian stock markets are strong, and are likely to bounce back in the long-term..

On what strategy investors should follow, Ameya Ranadive, a research analyst at Choice Broking, said, Given the prevailing bearish sentiments in both indices, market participants are advised to exercise prudence and adopt a discerning, stock-specific approach in their investment strategies...

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