Aug 1, 2007

Markets closed in Deep red - down by 612 points

Everything was ok until yesterday evening , every investor was happy thinking the down market is over and started investing back , then came a another bang from US , the global market are down and before opening everyone know that the sensex is going to respond back to Blobal market.
Sensex saw its second biggest fall single day . Both Sensex and Nifty were down over 4% each. selling was seen in scrips across sectors.The fall can be attributed to negative news low on subprime motgage worries from the US. Asia also ended in deep red down between 3%-4%.All the BSE sector indices closed in deep red. Realty index was the worst hit down over 6% followed by bank, capital goods, metal and oil & gas downover 4% each. The whole thing will take another picture tomorrow , if the market goes down below 14700 , margins will kick off and the market might see huge loss again tomorrow.

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