Sensex Ends 106 Points Lower; Oil & Gas And Banking Stocks Witness Selling

India share markets witnessed selling pressure during closing hours and ended their day marginally lower.

At the closing bell, the BSE Sensex stood lower by 106 points (down 0.3%) and the NSE Nifty stood down by 26 points (down 0.2%).

The BSE Mid Cap index ended the day down 0.2%, while the BSE Small Cap index stood flat.

Stocks in the banking sector and oil & gas sector witnessed huge selling pressure, while healthcare stocks were trading in the green.

The rupee was trading at 71.33 against the US$.

Asian stock markets finished on a negative note. As of the most recent closing prices, the Hang Seng was down by 0.34% and the Shanghai Composite was down by 0.71%. The Nikkei 225 was down 0.14%.

European markets were also trading on a negative note. The FTSE 100 was down by 1.16%. The DAX was trading down by 0.69%, while the CAC 40 stood down 0.55%.

Speaking of Indian share markets, should there be a marked change in the way we go about investing amid the ongoing volatility?

As per Richa Agrawal, rather than changing your portfolio on the basis of market movements, one should be a passive long-term investor.

Because as per her, fundamentally strong stocks will not only survive but thrive in the long term, irrespective of any erratic market movements.

You can make good gains with a careful selection of stocks and long-term horizon, irrespective of the index levels.

She has narrowed down on one such smallcap stock.

While the Sensex recovered from the correction and went on to hitting new life-time highs, the broader markets - predominantly the small and midcap stocks - haven't recovered much.

Even among the 246 companies that witnessed gains, the major chunk was captured by just a small list of companies.

This can be seen from the chart below...

A Very Small Group of Stocks Captured All the Gains

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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