Thursday, 29 June 2017

The Nifty Has Taken A Knock Of About 200 Points From Its Record High Of 9,700

Market Live: Nifty opens above 9500, Sensex gains 150 pts; Axis Bank surges
The Nifty has taken a knock of about 200 points from its record high of 9,700 to about 9500 and many stocks have corrected more than 30 percent in the same period.

The Indian market moved in one direction after hitting a low of 7,900 back in December 2016 and since then we haven’t seen any serious correction. And, all the intermediate corrections that we see did not last for more than 200 points.

There are many investors which were waiting on sidelines to get into Indian equity market which has already given 17 percent return so far in the year 2017.

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