Indian stocks fall with Asian Markets in New Year’s eve Lull

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MUMBAI: India stocks fell, in line with declines in most equity markets across Asia on New Year’s Eve.The S&P BSE Sensex fell 0.7% to 41,253.7 at the 3:30 p.m. close in Mumbai. The NSE Nifty 50 Index also slipped 0.7%.

A bronze bull statue standsing at the entrance to the Bombay Stock Exchange building in Mumbai, on Tuesday . India stocks fell, in line with declines in most equity markets across Asia on New Year’s Eve. - Bloomberg

The S&P BSE Sensex fell 0.7% to 41,253.7 at the 3:30 p.m. close in Mumbai. The NSE Nifty 50 Index also slipped 0.7%. While the 2010s don’t compare favourably to past decades in terms of the Sensex’s performance, India’s equity market still grew significantly in size and liquidity, providing investors with more options and confidence in the depth of the market."The 2020s are going to be an era of disruption in every space, whether health care, engineering, the environment or communications,” said Deven Choksey, who oversees investment and research at KR Choksey, a Mumbai-based wealth manager and brokerage.

 

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