Markets got butchered quite badly on Tuesday on the back of broad based selling. It reacted to a fall in global markets post a statement from German FM.
While the BSE Sensex finally closed 276.8pts or 1.63% lower at 16,748.29, the Nifty lost 80.75pts or 1.58% to close at 5,037.50. Broad market indices too ended lower. While the BSE Midcap index shed 1.21%, the BSE Small Cap index lost 0.99%. Market breadth was negative as the A/D ratio was 0.52:1 on the BSE. NSE cash turnover was Rs.8,797crs. Vs. Rs.9,143crs. in the previous session.
All the sectoral indices ended lower. The top losers were the BSE IT, Realty, Capital Goods and Metal indices. The top gainers from the BSE 30 were Coal India and HDFC Bank. The top losers were TCS, Tata Motors, Hindalco and Sterlite.
With the markets falling sharply today, the immediate supports of 5000 will be crucial levels to watch in the short term. A failure to hold above these levels could see a further correction in the markets.
While the BSE Sensex finally closed 276.8pts or 1.63% lower at 16,748.29, the Nifty lost 80.75pts or 1.58% to close at 5,037.50. Broad market indices too ended lower. While the BSE Midcap index shed 1.21%, the BSE Small Cap index lost 0.99%. Market breadth was negative as the A/D ratio was 0.52:1 on the BSE. NSE cash turnover was Rs.8,797crs. Vs. Rs.9,143crs. in the previous session.
All the sectoral indices ended lower. The top losers were the BSE IT, Realty, Capital Goods and Metal indices. The top gainers from the BSE 30 were Coal India and HDFC Bank. The top losers were TCS, Tata Motors, Hindalco and Sterlite.
With the markets falling sharply today, the immediate supports of 5000 will be crucial levels to watch in the short term. A failure to hold above these levels could see a further correction in the markets.
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