![Why the Stock Market is Down Today? [04 November 2024]](https://www.goldsilverreports.com/wp-content/uploads/2018/04/Stock-Market-x4s2x@goldsilverreports-GSR.jpg)
Stock market crash today: BSE Sensex and Nifty50, the Indian equity benchmark indices, plunged in trade on Monday. While BSE Sensex plunged over 1,400 points, Nifty50 went below the 23,900 mark. At 1:14 AM, BSE Sensex was trading at 78,526.57, down 1,198 points or 1.50%. Nifty50 was at 23,906.90, down 397 points or 1.64%.
Indian Equities
Goldman Sachs Downgrades Indian Equities from Overweight to Market-Weight
Gold Silver Reports (GSR) — While earnings have improved, Indian equities have almost doubled over the past five years and outperformed the Asian region by 60 percentage points in US dollar terms, said the investment bank in the note. “At current levels, we believe the risk reward for Indian equities is less favourable and we lower our investment view from overweight to market-weight,” they said.
Trader’s Guide to India Elections Says It’s Time to Buy Equities
Gold Silver Reports (GSR) – Trader’s Guide to India Elections Says It’s Time to Buy Equities — While Prime Minister Narendra Modi faces an uphill battle to sustain his party’s majority in the key lower house of parliament, the past six elections show positive returns for Indian equities over the two years that straddle the vote — regardless of whether power changed hands.
Foreign Investors Turn Positive On Indian Equities; Pump In Rs 8,400 Crore In March
Gold Silver Reports (GSR) – Foreign investors have infused over Rs 8,400 crore in the the Indian equity markets so far in March, on expectations of rebound in corporate earnings and easing of global oil prices.