It was a big setback for the markets. Friday was bad. Today, it started on a note of recovery. The Nifty went almost to 5900. Within 10 minutes at around 12.30 pm, it collapsed first below 5800, and then almost threatened to go down to 5700 and finally closed above its 200 day moving average around 5730. It is still down about 90 points and more than 150 from the top of the day.
The Sensex intraday swung about 500-600 points and this caps off two days of losing 300 points a piece on the index. That
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