It was a dreadful session for the markets. It seemed that markets fizzled out two days pullback rally due to bad global cues, wherein financial stability is still big concern for global banks. Asian and European markets have witnessed huge selling pressure. The Sensex has closed below 10,900 and the Nifty tanked below 3350.br / Flows are negative at FII desk. A leading foreign fund has turned negative on the metal sector. Lamp;T has failed to impress dalaal street by its second quarter numbers; entire capital goods space is under pressure post results. Midcap and small cap stocks are still vulnerable to margin call pressure. At the end of the day :br /br /strongSensex:10809.12 ( span style=”color:#cc0000;”-674.28/span Points down )/strongbr /strong/strongbr /strongNifty: 3338.40 ( span style=”color:#cc0000;”-180.25/span Points down)/strongbr /strong/strongbr /strong As we assumed in morning that market would surely react to the numbers presented as results of the companies, we might be at the safer side./strongbr /strong/strong
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