A morning walk down Dalal Street | Market may see further selling pressure
Episode 1324, Jun 18, 2019, 01:30 AM
A black Monday on D-Street as both Sensex and Nifty breached their crucial support levels on the downside.
The S&P BSE Sensex gave up 39000 while the Nifty50 broke below 11800 levels
Weak global cues, trade war fears, high valuations, rise in crude oil prices, delay in monsoon, and reduction in the flows from foreign investors were some of the factors that weighed on sentiment.
The final tally on D-Street – the S&P BSE Sensex fell by 491 points to 38,960 while the Nifty closed 151 points down at 11,672.
Sectorally, the S&P BSE Metal index plunged over 3 percent, followed by the S&P BSE Oil & Gas index that was down 2.3 percent, the S&P BSE Telecom index, which was down 2.1 percent, and the Bankex that dipped 1.2 percent.
In the broader market space, the S&P BSE Midcap index was down 1.29 percent and the S&P BSE Smallcap index plunged 1.35 percent.