The markets have spiralled down this morning, with both the Sensex and Nifty touching their lowest in almost four months, amid geo-political concerns in the Middle-East with index heavyweights leading the decline.
At 10.30am, the BSE Sensex had plunged over 500 points to break below its crucial psychological level of 27,000 and the Nifty has also came under pressure to break below its crucial support 200-DMA. The Sensex was at 26,897, lower by 542 points and the Nifty is at 8,151, dowen 168 points.
The broader markets were also having a rough ride, with the BSE midcap and small cap index shedding around 2% each at 10386 and 10943 respectively
http://wap.business-standard.com/article/markets/markets-plunge-in-early-trades-nifty-tests-8-150-115050600134_1.html
At 10.30am, the BSE Sensex had plunged over 500 points to break below its crucial psychological level of 27,000 and the Nifty has also came under pressure to break below its crucial support 200-DMA. The Sensex was at 26,897, lower by 542 points and the Nifty is at 8,151, dowen 168 points.
The broader markets were also having a rough ride, with the BSE midcap and small cap index shedding around 2% each at 10386 and 10943 respectively
http://wap.business-standard.com/article/markets/markets-plunge-in-early-trades-nifty-tests-8-150-115050600134_1.html
