One more black day for market... As we told in our previous posts, Markets carshed from morning with opening more than 1% down and went down further as day proceeded..
Nifty was down over 250 points and Sensex down 800 points. Nifty slipped below 4600 mark and Sensex has breached 15,400 mark. Broader markets have also collapsed with CNX Midcap down nearly 5% and BSE smallcap index is down 4%. Markets breadth is negative with advance:decline at 1:16.
It was an extremely bad day for markets with Sensex breaching the January lows of 15332. Globally equity markets have seen a sell off but India has underperformed its peers.
Day Closing
NIFTY 4623.60 down 248.40
SENSEX 15367.61 down 760.37
Realty index is the worst hit and is down over 10% followed by metal index down 7%. Energy indices are down over 6%.
Asia ended deep in red with Hang Seng down over 4.8%. Europe was trading deep in red most of the indices down nearly 2% each. The problem is global in nature and some experts believe that emerging markets will see a further fall and test their January lows. Sensex has slipped below the January lows of 15332.
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