Stock market slumped in early trade as Asian stocks declined sharply and as US stocks witnessed a steep slide on Friday, 24 January 2014, as concern that the global economic recovery is faltering spurred investors to sell riskier assets. The barometer index, the S&P BSE Sensex, fell below the psychological 21,000 mark. All the 30 members of the Sensex pack were in red. The Sensex was down 315.31 points or 1.49%, off 80.78 points from the day's high and up 20.02 points from the day's low. The market breadth, indicating the overall health of the market, was extremely weak with more than four losers for every gainer. The BSE Small-Cap and Mid-Cap indices were off more than 1.5% each.
Weakness persisted on the bourses in morning trade. The barometer index, the S&P BSE Sensex, was down 324.21 points or 1.53%, off 89.68 points from the day's high and up 22.10 points from the day's low. The market breadth, indicating the overall health of the market, was extremely weak with more than three losers for every gainer. The BSE Mid-Cap index was off 1.8%. The BSE Small-Cap index was off 1.72%. Weakness in Asian stocks and a steep slide in US stocks on Friday, 24 January 2014, hit sentiment on the domestic bourses adversely.
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