Its been a bad day for the market but at least its off the lows, so some signs of a claw back happening now. From sub 3900 levels on the Nifty, we have now clawed back to about 3960, still down a massive 130 points but at least some sign of buying or short covering has emerged over the last few minutes ditto with the Sensex, which is down 700 points is now down about 400 points. Many sectors have got smashed up, the breadth is bad, global cues are not supportive and the only thing is that there is at least some resilience at lower levels and its not a free fall like we saw in the morning.
-Udayan Mukherjee, Executive Editor, TV18 |
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