Global Cues, BSE Sensex Again Down
The BSE Sensex was unfortunately again down and closed at 1.84 percent on Tuesday, reason behind same could be the affect of the Asian and European markets, which also cited a fall on fears of the euro zone debt crisis.
It is the third consecutive session when the market sell-off and this time the 30-share BSE Sensex has cited a fall more than thought i. e. more than 650 points in three days, with more than 28 of its components marked in the red on the index. Averagely, the index cited a fall of 310 points and reached at 18,411 whereas the 50-share NSE Nifty fell 90 points and settled at 5,526.
Undoubtedly, debt crisis in the Europe continent is speedily spreading to Italy and Spain.
"We are in that 5,400-5,600 kind of a range and at worst case 5,200-5,700. So, that is what we are playing with and we are in the earning season so selectively opportunities would be there for traders and investors," Dipan Mehta Member BSE and NSE said.
The highest loser in the market was Software services bellwether Infosys as it fell by 5.96 percent beyond the company's quarterly earnings missed expectations.