After a promising start, market nosedived to end deep in red. The Nifty cracked way below the 5,400 support zone to close at 5,331 down 73 points. The Sensex shut shop at 17,693 down 247 points.
Shashank Khade, Executive Vice President and Head - Portfolio Management Services (PMS), Kotak Securities warns that the market may remain rattled till the time you actually see such actions being taken by the US. There is a Federal Reserve meeting on August 9.
Discover 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!
