Market Summary

It was a crash across global equity markets. It was mayhem on Dalal Street and the bloodiest day ever, a black Friday. Sensex closed at 8639, down 1131 points (provisional) and Nifty at 2557, down 385 points (provisional) from the previous close. CNX Midcap index was down 8.31% and BSE Smallcap index was down 7.76%. The market breadth was negative with advances at 108 against declines of 1172 on the NSE. It was a global meltdown today as markets across the world crashed - Germany down 11%, France down 10% and UK down 9% (technically UK is under recession as its GDP was down 0.5%). The Dow futures hit unit down and saw single massive sell off. Hong Kong slid to four-year lows. The pain was across Asia as well. For the Indian market it was the lowest closing for the Sensex and Nifty since 2005. Sensex shut shop at 8701, down 1070 points and Nifty at 2584, down 359 points from the previous close. CNX Midcap index was down 8.11% and BSE Smallcap index was down 7.66%. The market breadth was negative with advances at 87 against declines of 1196 on the NSE A lot of tears to be shaded it seems in very near future.