A morning walk down Dalal Street | Break below 11,250 could take Nifty towards 200-DMA placed at 11,020
Episode 1180, May 13, 2019, 01:23 AM
The market remained in the bear grip throughout the week and pushed the Nifty 50 below crucial support levels on closing basis.
The Nifty 50 plunged 3.7 percent while the S&P BSE Sensex was down by 3.8 percent to post their biggest loss since October 2018 for the week ended May 10.
FIIs have pulled out nearly Rs 4000 crore for Indian equity markets so far in the month of May after pouring by about Rs 60,000 crore in the first four months of 2019.
In terms of market capitalisation, investors lost nearly Rs 5 lakh crore during this week. The average market-capitalisation of BSE-listed companies fell from Rs 151.62 lakh crore on May 3 to Rs 146.51 lakh crore on May 10.