Sensex Ends 587 Points Lower; Realty And Metal Stocks Witness Huge Selling

India share markets continued to witness selling pressure during closing hours and ended their day deep in the red.

At the closing bell, the BSE Sensex stood lower by 587 points (down 1.6%) and the NSE Nifty closed down by 182 points (down 1.7%).

The BSE Mid Cap index ended the day down 1.4%, while the BSE Small-Cap index ended the day down 2.2%.

Note that the decline in small-cap segment has been sharper since the Union Budget, with the BSE Smallcap index hitting its lowest level since February 2017.

But Richa Agarwal says this fall currently offers the best bargains to the market.

In the below video, she talks about picking right stocks to benefit from the upcoming rebound.

Sectoral indices ended on a negative note with stocks in the realty sector and metal sector witnessing most of the selling pressure.

The rupee was trading at 71.87 against the US$.

Asian stock markets finished on a mixed note. As of the most recent closing prices, the Hang Seng was down by 0.84% and the Shanghai Composite was up by 0.11%. The Nikkei 225 was up 0.1%.

European markets were trading on a negative note. The FTSE 100 was down by 0.52%. The DAX was trading down by 0.10%, while the CAC 40 was down by 0.40%.

Speaking of stock markets in general, the market is typically focused on the most recent star performers.

You will often find the likes of HUL or HDFC Bank being the market darlings for never having a disappointing quarter.

But it is rare to find companies that thrive through most of their survival period.

Tanushree Banerjee shares few of her thoughts on this. Here's an excerpt of what she wrote in today's edition of The 5 Minute WrapUp...

  • It is rare to find companies that survive for decades. It's even rarer to find ones that thrive through most of their survival period.

    So, if you do not wish to pay steep valuations for the market darlings, you need to look for the companies with history and consistency on their side.

    And they shouldn't be too conspicuous to the market either.

    I am talking of companies like Hawkins and City Union Bank. They have a track record of paying dividends for decades.

    The dividends such companies pay are especially helpful at a time when globally interest rates are headed lower.
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