Surprise in stock market – After hitting 50,000 in Sensex yesterday, today the market goes red

Investors are confused and are questioning the validity of the market bull run
Surprise in stock market – After hitting 50,000 in Sensex yesterday, today the market goes red
Surprise in stock market – After hitting 50,000 in Sensex yesterday, today the market goes red
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The performance of the Indian stock market has come as a shockto most investors and traders as the previous trading called for a celebrationon the two benchmark indices of India Sensex and Nifty 50 respectively hit alifetime-high of a psychologically significant round number. The former indexhit 50,000 and the latter index hit 15,000.

Today the Nifty 50 is down by 1.2% from yesterday’s closeand except for the Next 50 index which is down by 0.75% all the other are downby more than 1%. Not surprisingly, the fear index of stock markets, INDIA VIX wasup by 2.24% at the time of writing.

Auto sector is however the odd one out and is green byalmost 2%, followed by a wide distance by Information Technology (IT) sectorwhich is holding green with 0.24%. 

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