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Nifty ends below 5700, tanks 8.5% in two weeks; banks dip

Indian equities badly butchered for another day on Friday and breached key psychological levels led by heavy selling in rate sensitive, commodities and infrastructure related companies' shares.

January 14, 2011 / 17:09 IST

Indian equities were badly butchered for yet another day on Friday and breached key psychological levels on the back of heavy selling in rate sensitives, commodities and infrastructure related companies' shares. The Nifty closed down below the 5700-mark, which was a strong support, according to experts. The level has been severely tested on more than three occasions, which according to experts, is weakening the core structure of the Nifty.

first published: Jan 14, 2011 03:55 pm

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