It was a horrible day for the markets, no getting away from that. Very few pockets to hide in today, but the broader market damage was absolutely brutal. Not that the Sensex and Nifty did much better. The Sensex is down to 17800 levels now, almost 250 points lower today. The Nifty closed just above the 5300 level.
Much of the 5300-5400 channel of support or was supposed to be the channel of support has got violated already and we are down just to the last point of 5300. So this has been the long standing range support and it is in clear threat or has broken down today. Led by ONGC which went Ex-bonus and split today, the stock was down 5.5%. ThatDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
