The Sensex was down 286.35 points at 36,690.50, while Nifty
was down 92.80 points at 10,855.50.
Nifty has broken strong support levels of 11,000 and continues
to remain under pressure. With the dollar weakening and global markets being
under pressure expect volatility to remain high. On the downside support is
seen at 10,600/10,830.
Expect consolidation in the near term before market decides its
further course of action. IT and select consumption stocks trade with a
positive bias while Metal and PSU Banking remain under significant pressure.
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