HomeNewsBusinessMarketsCarnage continues: Will Nifty fall to 5500-5600 this week?

Carnage continues: Will Nifty fall to 5500-5600 this week?

It was another bloodbath for the markets that started the week on a very unstable note.

January 10, 2011 / 22:42 IST
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There was no respite for the market as the week started off on a dismal note. Another bloodbath awaited the markets placing the Nifty in unstable territory. The frontline indices ended at the low point of the day with deep cuts of 2.4%. The Nifty slipped below the 5800 mark to end 141 points lower at 5,762, while the Sensex shed close to 500 points to close at 19,224.

Interest rate sensitives led the fall again. Private banks and two-wheeler stocks were the worst hit. Most midcap stocks also got hammered out of shape. Speaking on today
first published: Jan 10, 2011 05:44 pm

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