Stock market today, Feb. 17 -- Indian equity benchmark indices - Sensex and Nifty - continued with their downward trajectory to fall sharply in Monday's trading session, taking their decline to the ninth straight day.

During this period, the BSE Sensex has lost nearly 3,300 points or 4.18% while the Nifty 50 has slumped 1,000 points or 4.24%. The decline in the market can be attributed to foreign fund outflows and sluggish corporate earnings.

However, according to brokerage JM Financial Services, a bounceback could be on the cards, if the past trend is anything to go by.

JM Financial's analysis shows that Nifty tends to bounce up in the near term after consecutive negative sessions.

"In the current instance, the Nifty has closed in th...