Market sinks under macro worries, Nifty slumps 2.37 pc

Mumbai, February 04: Concerns over macro worries once again overwhelmed the market sentiment as across the board sell-off saw the benchmark CNX Nifty sink to a six month low at the National Stock Exchange (NSE) here.

The 50-share index swung wildly between 5,556.30 and 5,369.05 before concluding at 5,395.75, down 131.00 points or 2.37 per cent over its previous close.

Leaving over the magnificent overnight pull-back rally the session commenced on a quiet note and gave away some of its gains before bouncing back on select heavy weights.

The early mid-afternoon trade showed extreme volatility with heavy selling interest rate sensitive counters, IT, Metal, FMCG and pharma which pulled down the key index to the day’s low.

–Agencies