Indian equity benchmarks slaughtered on Tuesday following weak global cues, tracking endless European debt crisis. Lower than expected Infosys' first quarter numbers and consistent slow down in industrial output added more fuel to the fire. Fresh shorts were seen in heavyweights today.
The market has seen sell-off for the third consecutive session, with the 30-share BSE Sensex shed more than 650 points in three days. The index fell 309.77 points, to close at 18,411.62 and the 50-share NSE Nifty tumbled 89.95 points or 1.6%, to settle at 5,526.5, after seeing recovery of about 30 points from day's low of 5496.95.
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