Dealers in the market say that there were incremental sell orders are the institutional desk from the larger institutions in the over-owned sectors and stocks.
The bears gate-crashed the market today and sent the Nifty into a tizzy, ending down 209 points at 4923. Anil Manghnani of Modern Shares and Stock Brokers joins CNBC-TV18 to give his outlook of the day’s trades. According to him, 4890 becomes a key level now. “Nonetheless, we are setting up for a fall back to 4720,” he says.