Bloodbath in the market continued for the third consecutive session. It was an expiry session marked by extreme weakness, poor earnings, and selling in reliance, technology & metal stocks that knocked off the market.
The BSE benchmark Sensex fell 223 points, to close at 18,209 while the NSE Nifty lost 59 points, to end at 5,487.
Experts have already rung the warning bell saying that the market may sink further. Ashish Chaturmuhta of IIFL Private Wealth Management feels that there is a lot of selling pressure at the higher end.
Manoj Murlidhar, Head of Derivatives, IIFL PReMIA too believes that Nifty may see a volatility of 18-20 odd points.
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