Sensex falls 118pts, Nifty ends at 8057

Equity trading tips: Sensex falls 118pts, Nifty ends at 8057

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After falling over 700 points in the previous session, the S&P BSE Sensex extended its fall and closed 118 points lower on Thursday. Notably, the index has lost over 11% or 3,300 points from its life-time high of 30,024.74 in early March this year.

The 30-stock Sensex ended the day at 26,599.11, down 118.26 points. The broader 50-share Nifty closed the session at 8,057.30, down 39.70 points.

Well, experts across Dalal Street are of the view that the benchmark indices can correct anywhere between 4 and 5 per cent before finding a bottom, and this weakness should be used by traders to go short on the market.

Well, at a time when the Indian markets are falling as if there is no tomorrow, investors should not get scared, but should look at accumulating quality stocks at every decline, advise experts.

One of the most important factors troubling the markets is the muted earnings growth showed by India Inc for the quarter ended March 31. But analysts expect earnings growth to bounce back from 2016.