Stock Market Extends Decline Amid Profit Booking, Investors Advised Caution Over Volatility

The BSE Sensex remained under pressure from the opening bell and recorded an intraday movement of 476.47 points during the trading session. By the close of trade, the BSE index had declined by 141.91 points to settle at 75,867.80 points. The benchmark index registered a fall of 0.19 percent.

The NSE Nifty-50 index also ended marginally lower after witnessing intraday volatility of 124.95 points. The index closed at 23,907.15 points, down by 6.55 points or 0.03 percent on Wednesday.

Despite the decline, the NSE index continues to remain above its technical support level for now, indicating that the market has not yet slipped into a deeper correction zone.

Market breadth on the NSE reflected mixed sentiment among investors. A total of 3,422 companies were traded during Wednesday’s session. Share prices of 1,772 companies advanced, while 1,535 companies declined. The share prices of 115 companies remained unchanged.

Analysts and market participants have advised trading investors to remain cautious amid continued fluctuations and volatile market movements, as profit booking and sharp intraday swings continue to dominate sentiment on Dalal Street.