NEW DELHI: Domestic stocks came under heavy selling pressure on Monday as poor macroeconomic data and weak global cues unnerved investors, thus holding them back from making fresh purchases.
The S&P BSE Sensex lost 218 points, or 0.60 per cent, to settle at 36,324 while NSE’s Nifty50 slipped below the crucial 11,000 level to close at 10,937, down 82 points or 0.74 per cent.
Nifty is hiding more than it reveals. The breadth of the market was heavily skewed towards declining stocks. Midcap and smallcap indices fell to their lowest levels in last 52 weeks today, said VK Sharma, Head Private Client Group & Capital Market Strategy at HDFC Securities.
“Nifty’s immediate support is seen at 10,900, where maximum OI was built during last week. It would be advisable to protect long positions in Nifty with strict stop loss of 10,900 on closing basis. On violation of 10,900, Nifty could extend fall towards next support of 10,820,” Sharma said.
Here are all the bulk deals from the previous trading session:
