Weak global cues cuts 249 pts off Sensex
Equity benchmarks fell quite sharply in the second half of trade - down 249 points on the Sensex, especially after sell-off in European markets. Even better-than-expected industrial output data could not able to support the market because data was quite better on quarter-on-quarter basis but it was bad on year-on-year basis.
Moneycontrol Bureau
Equity benchmarks fell quite sharply in the second half of trade - down 249 points on the Sensex, especially after sell-off in the European markets. Even better-than-expected industrial output data could not able to support the market because data was quite better on quarter-on-quarter basis but it was bad on year-on-year basis.The 50-share NSE Nifty closed below the 5,500 mark on Thursday, down 78.90 points or 1.42% to close at 5,486.15. The 30-share BSE Sensex plunged 249.17 points or 1.34%, to settle at 18,335.79.Jai Bala, chief market technician at Cashthechaos.com says that Nifty at current levels is
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