Markets plunge on Sell-off deepens

Money Maker, Stock Market news update, stock tips, Market update, Todays stock marketShare benchmarks plunged on Tuesday after seeing heavy selling pressure for the second straight day with broad-based selling intensified across the market. Nifty50 of National Stock Exchange ended the day 150.60 points lower at 11,287.50, while BSE Sensex closed 509.04 points down at 37,413.13.

Short covering was seen after the benchmark index breached its key support zone of 11,400. Bank Nifty also picking up momentum with selling and ended the day 1.4% lower at 26,807.50. Nifty sectoral Indices entirely closed in the red with FMCG, the worst hit which closed 2.41% lower at 30,067.55

Gainers & Losers: Coal India, Mahindra and Mahindra, NTPC, Infosys were among major Losers, while Titan, Tata Steel, ITC, Tata Motors were among top laggards.

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