Why the stock market slide was coming | Bottomline

History shows that stocks don’t only go up, and the law of averages seems to be finally catching up.

History shows that stocks don’t only go up, and the law of averages seems to be finally catching up.

A gain in equity markets also gave crude a boost, though the rally was capped by a stronger dollar that makes commodities priced in the currency less attractive.

All three major U.S. stock indexes lost momentum as the session progressed despite better-than-expected services data. The services purchasing managers index (PMI) beat estimates and the manufacturing activity was in line with the street expectation.

Shares of Prakash Industries Ltd ended at ₹162.70, up by ₹1.60, or 0.99% on the BSE.

Shares of Escorts Kubota Ltd ended at ₹3,510.15, up by ₹56.30, or 1.63% on the BSE.

Shares of Mahindra Lifespace Developers Ltd ended at ₹462.70, up by ₹7.85, or 1.73% on the BSE.

Shares of ICICI Lombard General Insurance Company Ltd ended at ₹1,837.50, up by ₹31.75, or 1.76% on the BSE.

Eminent Electricity Distribution Ltd has received a letter of intent to this effect. Shares of CESC Ltd ended at ₹173.05, up by ₹2.05, or 1.20%, on the BSE.

The project involves the procurement and installation of 500 MW/1000 MWh standalone battery energy storage systems across India, supported by viability gap funding. Shares of HG Infra Engineering Ltd ended at ₹1,276.15, down by ₹3.60, or 0.28%, on the BSE.

The appointment follows the approval by the BSE board on November 12. Shares of BSE Ltd ended at ₹4,719.95, up by ₹24.80, or 0.53%, on the BSE.