 "The benchmark S&P BSE Sensex, that reached the historic-level of 50,000 last week, has tumbled 8.5 per cent from its record high level of 51,184 in the past five sessions.")
After a stupendous rally over the past three months, stretched valuations worried investors at Dalal Street, and nudged them to book profit. The markets were trading lower for the fifth straight day on Thursday, having erased all the gains logged in calendar year 2021.
The benchmark S&P BSE Sensex, that reached the historic-level of 50,000 last week, has tumbled 8.5 per cent from its record high level of 51,184 in the past five sessions. Moreover, over 50 per cent of the stocks on the BSE barometer did not exhibit any strength until a week ago.
So, has the sharp correction
