May be because it was over reaction but it tells you how skiddish the market has become. Even a hint of bad news and stocks get completely pummeled. We ended virtually at the low of the day with 200 point cut on the NIFTY and 700 point cut on the sensex. Back into 10000.
Huge delivery based selling on Larsen , ABB, Punj Lloyd etc got completely butchered today .
Even outside Reliance Infrastructure, RCOM and Bharti.
Cairn had a bad fall due to fall in crude. ICICI back to 400 mark.
Big falls in Sterlite, Hindalco., TATA Steel. Reliance Industries to came off.
150 advancing to 11000 declining stocks. Volumes where quite low. Generally people are staying away. Massive falls in Orchid Chemicals, Essar Oil, Moser Baer, Bombay Rayons, Aptech Computers, NDTV, Reliance Capital to name a few of them..It was a very bad day.
Globally too things are sour
Huge delivery based selling on Larsen , ABB, Punj Lloyd etc got completely butchered today .
Even outside Reliance Infrastructure, RCOM and Bharti.
Cairn had a bad fall due to fall in crude. ICICI back to 400 mark.
Big falls in Sterlite, Hindalco., TATA Steel. Reliance Industries to came off.
150 advancing to 11000 declining stocks. Volumes where quite low. Generally people are staying away. Massive falls in Orchid Chemicals, Essar Oil, Moser Baer, Bombay Rayons, Aptech Computers, NDTV, Reliance Capital to name a few of them..It was a very bad day.
Globally too things are sour
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