It was a terrible day of trade with the market seeing the biggest point fall on the Sensex and Nifty since August 17. Market also recorded the third highest turnover of Rs 1.46 lakh crore. Sensex closed at 16353, down 387 points (provisional) and Nifty at 4846, down 124 points from the previous close. CNX Midcap index was down 3.68% and BSE Smallcap index was down 4.42%. The market breadth was in the negative with advances at 122 against declines of 1164 on the NSE
House View:We predicted this last week! Market-set-to-fall-from-17000-to-15-300 Market is set to go down futher till Thursday. Wait and do not buy now.
Disclosures: No personal holdings
Part of the Dream Weave Walk Network 1998-2010
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