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Be calm and play the waiting game

Markets lose rapidly as a combination of factors result in ground slipping away

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People wait to cast their votes during the re-polling at a booth in Agartala in Tripura. Pic/PTI

People wait to cast their votes during the re-polling at a booth in Agartala in Tripura. Pic/PTI

Markets were under pressure and lost on all five trading sessions. Friday was the eighth consecutive day of loss and hopefully markets should be in a better frame of mind when trading begins today morning. BSESENSEX was down 1,500.27 points or 3.85 per cent at 37,462.99 points while NIFTY lost 433.35 points or 3.70 per cent to close at 11,278.90 points. The broader indices like BSE100, BSE200 and BSE500 lost 3.61 per cent, 3.56 per cent and 3.49 per cent respectively. BSEMIDCAP lost 2.66 per cent while BSESMALLCAP lost 3.04 per cent.

There were no sectoral gainers but BSEIT lost the least. It was down 1.01 per cent. The top sectoral loser was BSEMETAL down 6.90 per cent followed by BSEPOWER 4.89 per cent and BSEREALTY 4.78 per cent. In individual stocks the top gainer was TCS up 0.14 per cent followed by Eicher Motors 0.03 per cent. The top loser was Tata Motors down 11.22 per cent followed by Reliance Industries 11.09 per cent and Tata Steel 11.01 per cent.

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