Today: 19 March 2026
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NSE:GRASIM 12 November 2025

Dalal Street in Turmoil: Sensex Plunges 2,500 Points in a Week – Should You Buy the Dip or Brace for More?

Sensex Today: Benchmark Rally Extends to Day 3; Nifty Closes Above 25,850 as IT, Auto Lead—CPI Crashes to Record-Low 0.25%Indian stocks advance on global risk-on mood, upbeat domestic cues and strong stock-specific action; Groww parent surges on debut

The BSE Sensex rose 595 points to 84,466.51 and the NSE Nifty 50 gained 181 points to 25,875.80 on Wednesday, marking a third straight advance. India’s October CPI fell to a record-low 0.25% as food prices dropped 5.02%. Billionbrains Garage Ventures (Groww’s parent) debuted 31% above its IPO price, valuing the firm at ₹761 billion. The rupee closed at 88.63 per U.S. dollar, slightly weaker.

Stock Market Today

  • NovaGold Resources Faces Valuation Challenges After Sharp Share Price Drop
    March 19, 2026, 1:47 AM EDT. NovaGold Resources (TSX:NG) shares plunged 11.9% in one day, deepening a month-long 19.7% decline. Despite this recent fall, the stock boasts a strong 1-year total shareholder return of 141.3% and a 3-year return of 49.7%, reflecting long-term investor momentum. Trading at CA$11.75, NovaGold's market cap stands at CA$5.84 billion with a significant loss of $94.659 million and no current revenue. Its price-to-book ratio (P/B) is 22.9x, far above the peer average of 4.2x in the Canadian metals and mining sector, indicating the stock may be overvalued. Investors face risks including reliance on the single Donlin Gold project in Alaska and continuing losses. Market participants must weigh these risks against potential future growth prospects in this early-stage gold developer.
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