18th August, 2011 Closing Market Updates 3:45
The NSE Nifty has touched a new 52-week intra-day low of 4,933.50 as global indices battle bloodbath. The earlier low of 4,946.45 was touched on August 9.Nifty was trading at its lowest level since May 2010 led by cut in 47 stocks. India VIX shot up 9.3% to 27.84.
European markets plummeted further on gloomy outlook on global economic recovery; Germany's DAX lost 4%. France's CAC and Britain's FTSE lost 2-3%. The Dow Jones futures shed more than 200 points and Nasdaq futures tumbled 50 points.
Back home, the 30-share BSE Sensex tumbled 388 points to 16,452 and the 50-share NSE Nifty dropped 116 points to 4,941. Market breadth was extremely weak; about six shares dropped for every one share gained. The broader markets were down 2-2.5%.
In Nifty50 stocks, DLF was the top gainer by 3.11% and closed at 182.50.RELINFRA was the top loser by 7.44% and closed at 418.50.
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