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A volatile day for Indian markets as bulls failed to hold on the momentum which it gathered in opening trade. The S&P BSE Sensex fell over 600 points from its intraday high to close at 34,134, down 181 points. The Nifty50 closed 58 points down at 10,245.
Most analysts attribute the fall to macro concerns, including higher crude prices and liquidity crunch which hurt the trading sentiment.
The fall in the S&P BSE Sensex was led by losses in Reliance Industries, IndusInd Bank, Kotak Bank, Infosys, and Asian Paints. Financials gave up all of their gains and were a drag on the benchmarks.
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