A turbulent day for the market today after a short recovery of previous session the market started the day with scary mode, suffer big losses during the day, the big selloff in global market spooked the market sentiment toward its narrow range as at one point the BSE Index Sensex slipped over 600 point at 23,998 below its 52 week low.
At the same time the NSE index Nifty below its critical level of 7250 hit its fresh 52-week low 7,287.15 in trade today.today we got a buch of negative report as on the commodity basket Brent crude oil is trading below $28 a barrel and is predicted to go below $25 in coming days.On the currency front the rupee fell its 2-week low agains dollar slumped nearly 35 paise at 67.95.
The slowdown in Chinese economy adding more pressure to the global market and the recent activity of FII sold shares worth Rs 1,203 crore (Rs 12.03 billion), taking year-to-date outflows to over $1 billion putting more challenge to stable the equity stock.
