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Sensex slumps nearly 3,000 points in 5 days. 10 updates on market selloff

Sensex slumps nearly 3,000 points in 5 days. 10 updates on market selloff
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However, broader markets were flat today
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Indian stock market fell sharply today to extend losses to the fifth day. The Sensex fell as much as 588 points today to 46,821 at day s low, losing nearly 3,000 points in the five-day selloff amid weak global markets. The Nifty was today down about 1% to 13,834. However, the broader markets were today under lesser pressure with BSE midcap and smallcap indices trading flat in noon trade.
Here are 10 updates from Indian markets:
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Jefferies' Chris Wood Increases Exposure To Indian Equities, Cuts Stake In China And Pakistan

Jefferies Chris Wood increases exposure to Indian equities, cuts stake in China and Pakistan
The marquee investor increased the weightage of Indian equities by 150 basis points to 14 percent in his Asia Pacific ex-Japan relative-return portfolio and reduced stake in Chinese and Pakistani equity markets.
January 06, 2021 / 12:10 PM IST
Christopher Wood, Global Head of Equity Strategy at Jefferies, has further increased exposure to Indian equities in his ‘GREED and Fear’ portfolio.
The marquee investor increased the weightage of Indian equities by 150 basis points to 14 percent in his Asia Pacific ex-Japan relative-return portfolio and reduced stake in Chinese and Pakistani equity markets.
The move comes on the back of the recent upsurge in Nifty coupled with a consistent decline in COVID-19 cases in the country. In 2020, Nifty logged 15 percent return despite the over 40 percent crash in March. So far in 2021, it has had a perfect start, ending in gree ....

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