A morning walk down Dalal Street | Crucial level for Nifty at 10,782, resistance at 11,170
Episode 1557, Aug 14, 2019, 01:30 AM
Bulls look tired after a long weekend which gave bears an opportunity to regain control. Benchmark indices wiped out gains made in the last two sessions as bulls pushed both Sensex and Nifty below crucial support levels.
The S&P BSE Sensex closed below 37000 while the Nifty50 failed to hold on to 11000-11100 levels. The final tally on D-Street: the Sensex down 623 points at 36,958 and the Nifty down 183 points at 10,925, the biggest single-day fall in a month.
Investor wealth dropped by over Rs 2.21 lakh crore on August 13 after the BSE benchmark tumbled 624 points amid sell-off in global equities and domestic front-line companies.
At the BSE, 1,652 stocks declined, while 861 advanced and 148 remained unchanged. Over 250 stocks were at their 52-week low levels on the BSE. In the broader market, the BSE small-cap and mid-cap indices fell by up to 2.25 per cent.
On the macro front, India's retail inflation rate in July eased slightly to 3.15 percent, remaining comfortably within Reserve Bank of India's (RBI) target level of 4 percent, latest price data released by the Central Statistics Office (CSO) on August 13 showed. Retail inflation for June came in at an eight-month high of 3.18 percent.