It was a bloody Monday as global equities tumbled. Asian markets
cracked, down nearly 4-6% while European markets saw excruciating pain
with a fall of over 6%. For the Indian market, it was a carnage on
Dalal Street. Sensex closed below 12000 for the first time since
September 2006. Sensex shut shop at 11801, down 724 points and Nifty
at 3602, down 215 points from the previous close. CNX Midcap index was
down 5.8% and BSE Smallcap index was down 6.9%. BSE CD index was down
11%, BSE Realty index down 10%, BSE Metal index down 9% and BSE IT
index was down 5.8%. The market breadth was negative with advances at
57 against declines of 1227 on the NSE. Top Nifty gainers included
Tata Communication and BPCL while losers included Sterlite, Suzlon,
Tata Steel and DLF.

Ravichandran K.
www.kences1.blogspot.com
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