CNBC-TV18's stocks editor, Udayan Mukherjee - It has not been a good session and it won’t close well. The Sensex will close around 750 points and Nifty will close certainly sub 5,800, now 262 points down or 4.5% down.
The midcap index came back, towards the end of the session as in recovered a little bit. Even the breath recovered somewhat but will still close 3.7% down on the midcaps. Volumes are very high today and that’s a little disturbing because on a day when the markets have fallen off such a bate one is almost pushing one lakh crores in trade which is certainly a good deal higher than the average of the last few days. So today the internals were not looked good as indeed days of 4% falls never do.
High volumes poor breath, sudden sell-offs in the liquid midcap names and no support for many largecap sectors and global markets too to compound the agony have not been very good. But that’s the note on which we close- 750-points down on the Sensex and Nifty down 260-points.
Source: Moneycontrol.com
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