SENSEX in a bear hug

Bombay Stock Exchange’s Sensex, which had lost over 700 points in last two sessions, fell further by 177 points or 1.17 per cent to 14,889.25, but off the intra-day low of 14,645.31. The high was 15,088.03.
Thus the stocks extended losses on Tuesday also, falling to new lows, on poor global cues and as investors remained wary of India’s economic growth.

Though indices recovered from the day’s lows to close only a per cent lower, it appears that investors are waiting for any opportunity to exit positions fearing the 5-year bull run may have actually come to an end.

National Stock Exchange’s Nifty shed 52 points or 1.14 per cent to end at 4449.80, after falling to nearly an eight-month low of 4369.80 intraday.