Sensex Ends 202 Points Lower; Oil & Gas And Power Stocks Witness Selling

India share markets witnessed selling pressure during closing hours and ended their day on a negative note.

At the closing bell, the BSE Sensex stood lower by 202 points (down 0.5%) and the NSE Nifty stood down by 67 points (down 0.6%).

The BSE Mid Cap index ended the day down 0.9%, while the BSE Small-Cap index stood down by 1%.

Stocks in the oil & gas sector and power sector witnessed huge selling pressure, while consumer durable stocks were trading in the green.

The rupee was trading at 71.38 against the US$.

Asian stock markets finished on a mixed note. As of the most recent closing prices, the Hang Seng was up by 0.52% and the Shanghai Composite was up by 2.28%. The Nikkei 225 was down 0.69%.

European markets were trading on a positive note. The FTSE 100 was up by 0.24%. The DAX was trading up by 0.20%, while the CAC 40 stood up 0.14%.

Speaking of Indian share markets, we've been telling you about the rebound in smallcap stocks in 2020 for quite some time now.

And the market trend since the start of 2020 tells us, it's already happening!

Have a look at the chart below:

Smallcaps Are Way Ahead of the Sensex in 2020

 

As you can see, since the start of 2020, small caps have beaten large-caps by a wide margin.

But this is just the start.

We believe small-caps have a long way to go.

You can make good gains with a careful selection of small-cap stocks and long-term horizons.

As per Richa Agarwal, editor of our premium small-cap service Hidden Treasurefundamentally strong smallcap stocks will not only survive but thrive in the long term.

She has narrowed down on one such smallcap stock.

Also, in the video, she talks about the ongoing economic slowdown, an upcoming rebound in the small-cap space, and her number 1 stock pick for 2020.

In news from the macroeconomic space, Moody's Investors Service slashed its 2020 growth projection for India to 5.4% from 6.6% forecast earlier. The forecast is lowered amid growing concerns over the economic fallout of the novel coronavirus outbreak.

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