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Market fumbles: Experts predict a deeper cut

Global cues have played the trick yet again pulling Indian equities deep in the red. The Sensex fell more than 200 points to close at 17,362 while the Nifty shut shop at 5,221.05, down 68.30 points. Though the market has held on very valiantly, chances of Nifty breaching the 5,200-mark on the downside remain high.

November 10, 2011 / 18:41 IST
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Moneycontrol Bureau

Global cues have played the trick yet again pulling Indian equities deep in the red. The Sensex fell over 200 points to close at 17,362 while the Nifty shut shop at 5,221.05, down 68.30 points. Though the market has held on very valiantly in spite of all odds and is still trading between important psychological support levels, chances of Nifty breaching the 5,200-mark on the downside remain high. Dilip Bhat, joint managing director of Prabhudas Liladher believes that the market doesn
first published: Nov 9, 2011 05:56 pm

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