The markets had a weak start and the selling accentuated in the second half of the trading session. 39 of the Nifty50 stocks closed in red, indicating broad-based selling.
Amongst the Nifty sectoral indices, Financial services (-1.9%) and Bank (-1.8%) were top losers whereas Realty (+0.4%) and Pharma (+0.2%) managed to stay afloat.
Asian Markets and European Markets are deep RED .US markets have started with big fall.
We see USD Index on hourly chart keeps on moving up pushing the indices down. Crude Oil has had a big fall. This indicates that 5700 is an approx. We know Gold and Nifty have reverse relationship. So, we see Gold moving up constantly on daily basis.
Amongst the Nifty sectoral indices, Financial services (-1.9%) and Bank (-1.8%) were top losers whereas Realty (+0.4%) and Pharma (+0.2%) managed to stay afloat.
Asian Markets and European Markets are deep RED .US markets have started with big fall.
We see USD Index on hourly chart keeps on moving up pushing the indices down. Crude Oil has had a big fall. This indicates that 5700 is an approx. We know Gold and Nifty have reverse relationship. So, we see Gold moving up constantly on daily basis.