INDIAN BENCHMARKS: BLOODBATH ON D-STREET, SENSEX DOWN 800
POINTS, NIFTY 50 BELOW 7000
The
S&P BSE Sensex plunged over 800 points breaking the crucial 23,000-mark on
Thursday tracking weak cues from other Asian and European markets and weak
earnings by leading index constituents.
The
Nifty50 broke below 7,000 level hitting fresh 52-week low, weighed down by
losses in banks, power, oil & gas, metal, and realty stocks.
The
broader market declined in line with the benchmark indices with the BSE midcap
and BSE small cap indices slumping 2.6 and 3.4 per cent, respectively. Among
the sectoral indices, the BSE Realty was the top loser down 3.7 per cent in
trade. The market breadth was extremely weak with nine out of ten BSE stocks
trading in the red.
UPCOMING
RESULTS:
ADANIPORT,
BPCL, CANARA BANK, HPCL, M&M.OIL, SUNPHARMA, SUNTV, ADANIPOWER
HEADLINES OF THE DAY
SBI
Q3 profit below estimates
Jubilant
Food Q3: Net Profit at Rs31.7 Crore
Dr
Reddys Labs board to consider buyback of shares
The
crucial resistance for Nifty SPOT is now seen at 7120 and above this 7228.
Support for the immediate term is now placed at 6910 and next support will be
6869.
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