Market tumbled like a pack of cards

BSE 30-share Sensex lost 344.02 points or 2% to 16,854.93. The Sensex opened almost unchanged at 17,199.05. It lost 390.08 points at the day's low of 16,808.87 in mid-afternoon trade. It rose 3.56 points at the day's high of 17,202.51 in early trade. BSE clocked a turnover of Rs 4487 crore

S&P CNX Nifty was down 102.60 points or 2.01% to 5,005.55. It hit a low of 4,986.05 in intraday trade. Turnover in NSE's futures & options (F&O) segment spurted to Rs 1,37,130.38 crore

BSE Mid-Cap index fell 1.45% and the BSE Small-cap index fell 0.98%. Both the indices outperformed the Sensex.

BSE Oil & Gas index (down 2.30%), the BSE Bankex (down 2.64%), the BSE Realty index (down 2.11%), the BSE Consumer Durables index (down 2.24%), underperformed the Sensex.

BSE Capital Goods index (down 1.05%), the BSE PSU index (down 1.34%), the BSE FMCG index (down 1.45%), the BSE Healthcare index (down 0.34%), the BSE Teck index (down 1.49%), the BSE Metal index (down 1.83%), the BSE Power index (down 1.29%), the BSE Auto index (down 1.54%), the BSE IT index (down 1.97%) outperformed the Sensex.

 

Indian Stock Market today witnessed sharp losses amid highly volatile trading session due to Derivatives expiry and weak global markets. Even though our market did cut losses initially but the recovery short lived. Turnover was record high but unfortunately market tumbled like a pack of cards.

Market Breadth:

Positive 905 Negative 1910 Unchanged 72

From the 30 share Sensex pack, 25 fell and rest rose.