On the back of the crash in crude oil prices and negative global cues, Indian share market benchmarks BSE Sensex and Nifty 50 plunged in Tuesday’s trade. Further, the US President’s announcement on the temporary suspension of immigration into country led to a sell-off in IT stocks. “Buying interest seen near 8900 level which helped Nifty to give close above 8950. The market is expecting a stimulus package from Government which might help the economy. Market breadth was in the favor of the bears. For every gainer, there were more than couple of losers. Except for Pharma, none of the sectors managed to hold in green. Indices closed the session with over 3 per cent. Sensex ended 1,011 points at 30,636, while the broader Nifty 50 index settled at 8,981, down 280 points.
Nifty50 closed lower at 8981.45 level, -280.40 points, or -3.03 per cent. Nifty Support :8900 and 8800 Resistance : 9050 and 9100.
