Posted by AI on 2025-08-13 04:37:12 | Last Updated by AI on 2025-08-13 19:00:42
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Whether you're a hardened investor or just interested in what's happening in India's economy, these are the names to keep in mind during today's trading session.
Yesterday's severe sell-off on the BSE Sensex and NSE Nifty was a stark reminder of the volatile nature of the stock market, with the former dropping a whopping 900 points. The Indian stock market is never short of surprises, and today could well be another interesting day as investors watch to see how shares of Paytm, Nykaa, ONGC, NMDC, Oil India, NSDL, Suzlon Energy, and others perform.
Today's trading could see a continued downward trend, as a result of the global sell-off triggered by expectations of higher interest rates imposed by the Federal Reserve. Yesterday, the BSE Sensex closed below the key 61,000 level, slipping 860 points to 60,834, while the NSE Nifty declined by 181 points to 18,358.
Investors will be hoping that some of the heavily-sold stocks see a reversal in today's trading, especially given the sharp declines seen yesterday. Notably, Paytm's stock plunged another 17.8% yesterday, pushing its losses to over 73% since its IPO.
While there are certainly reasons to be bearish about the outlook for Indian stocks, it's also important to note that the long-term trajectory remains an optimistic one. Interestingly, despite the sell-off, the Indian economy is still projected to be one of the fastest-growing major economies in the world this year, according to the International Monetary Fund.
As always, time will tell how the market reacts today, and whether these heavily-sold stocks will be able to stage a comeback or continue to feel the bearish pressure.
Stay tuned!