MARKET

MARKET WRAP: Sell-off continues, Sensex slips 300 pts; Nifty ends at 11,154

Image: Kamlesh Pednekar

The Indian markets slipped yet again moments just after staging a recovery from the day’s trough in Tuesday’s midday bargains.

The S&P BSE Sensex was down more than 300 points and down below the 38,000-mark, which it had briefly reclaimed. The index strike an intra-working day very low of 37,531 before in the session. The broader Nifty50 index, meanwhile, fell down below the 11,200-mark. Larsen & Toubro and ONGC (the two down 2%) were the major Sensex laggards. On the other hand, IT stocks HCL Tech, Tech Mahindra, and TCS rose one for each cent each.

The development amid Nifty sectoral indices was mainly negative, led by Nifty Automobile index, down one.seven for each cent. On the other hand, Nifty IT and Nifty Pharma indexes were trading one for each cent greater each.

The broader market, on the othe hand, languished, with the S&P BSE MidCap and

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