Share Market Crashed : All Stocks Down, Nifty Trading Below 5200 level

One can see a kind of blood bath in the Indian Stock Market as the NIFTY went below the mark of 5200. Also, Indian equity benchmarks just crashed in opening trade on back of the fears of one more phase of recession in biggest economy of the world US. These are showing signs of recession.

 

Markets all across the world were actually on the seller’s radar. The US equity markets faced a down of 4 to 5 percent yesterday i.e. 4th August. And today, the Asian markets crumbled around 2 to 5 percent. 30 share BSE Sensex was in fact trading at the level of 17,256 down by 436 points as well as the 50 share NSE Nifty decreased 135 points at 5,195.

 

All big heavyweights were basically under selling pressure. ICICI bank, SBI and L&T were reduced by 3 to 4 percent. Even Jaiprakash Associates plunged about 5.5 percent. Further, the technology stocks were bleeding and Infosys, HCL Tech, Wipro and TCS reduced 2.5 to 4 percent.

 

Metal stocks also were on the seller’s radar. Sterlite, Sesa Goa, SAIL and Hindalco were down 3.5 to 5 percent. It is a very blood bath kind of situation in the Indian Stock Market.