A dull day for the market again which brought the index to new lows. The month of October which started with a deep cut continues among the global concerns of financial instability. The fears among the investors is increasing day by day and the it has been a really bed start for the month for the investors. The Nifty and the sensex are continuing to decline and the uncertainty continues.
The sensex slipped by more than 300 points whereas Nifty saw a sharp fall of 93 odd points. Sensex closed the day at 16151.45 and NSE Nifty closed at 4849.50 points. SBI, INFOSYS, L&T, and the other heavy weight Reliance were among the losers on the Index. BPCL, RELIANCE CAPITAL, RELIANCE INFRA, GAIL, and BHARTI AIRTEL were the other which were up in the green with modest gains each.
Looking at the Asian markets all the indices were in red today. The American markets today gave a modest opening in the green and later moved down in the red and were trading with minor cuts of 1-1.5‰. The highly volatile market has shown weak sentimental from the investors for the last few months. The global scenario is not helping it much which is the reason why the present scenario is set to prevails for some months before the stocks stabilize.
Bell the bull says: Every day the market has a new story to tell, it seems some more cuts may be witnessed for the coming times.