Stocks in India Bounce Back From the Verge of Correction
- Global equity selloff deepens amid Credit Suisse’s troubles
- “Will definitely be buying into this correction”: Saigal
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Stocks in India rebounded from the brink of a technical correction amid choppy trading as investors assessed the impact to local markets from the crisis at Credit Suisse Group AG.
The benchmark NSE Nifty 50 Index had slid as much as 0.7% on Thursday, taking its losses from an all-time high on Dec. 1 to 10% before bouncing back. The gauge ended little changed in Mumbai, still faring better than a broader gauge of Asian equities that lost more than 1% for the day.