Taking a sharp U-turn by giving up all the early gains, the Sensex slipped into the negative terrain tumbling by over 541
points, tracking weak European markets amid lingering global growth worries.
The Nifty too came under pressure, which cracked below the
7,900-mark at the fag end of the session on Tuesday. Sentiment turned off-colour after European markets declined in
early trade as investors weighed Federal Reserve pointers that global growth
concerns that delayed a rate hike last week could be temporary.Dragged
by sharp sell-off, the market has ended with losses. offloading of bets by
participants ahead of September expiry in the derivatives segment on Thursday queered the pitch. The Sensex plunged down 541 points or 2.1 percent at 25651. The
Nifty crashes 165 points or 2.1 percent at 7812. About 977 shares have
advanced, 1712 shares declined and 107 shares were unchanged..The Nifty index
also plunged below its crucial psychological support of 7800. However, the
index managed to end slightly below 7,800 towards the end of the session.
DAILY RESISTANCE FOR NIFTY: 7935, 8092, 8328, 8564
DAILY RESISTANCE FOR NIFTY: 7935, 8092, 8328, 8564
PIVOT POINT: 7856
DAILY SUPPORT FOR NIFTY : 7699, 7620, 7384,7148
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