And again, world tumbles! Sensex nosedives, Nifty crashes 165 points
Commenting on the current market situation, Amar Ambani, Head of Research, IIFL said, “A sharp sell-off in the European markets, weakening Indian currency against the US Dollar and media reports that China is bracing for its second bond default were among the major reasons for today’s downfall. Chinese slowdown and mounting metal surplus in China added to the misery of metal stocks on the bourses.”