A morning walk down Dalal Street | Break below crucial support at 10600 would extend fall further towards 10500

The dark clouds continue to hover around D-Street as Nifty fell another 100 points to close the day below 10700 levels on Thursday. Weak global cues could be blamed for the fall in the markets while weakness in metals and autos continue to drag markets lower.

The collapse in equity markets in the past two sessions has led investors to lose over Rs 2.66 lakh crore, according to data available on the BSE. 

The S&P BSE Sensex plunged 377 points for the second consecutive day in a row, a start to the New Year which no one was hoping for. In terms of Nifty, the index dropped 120 points to close at 10,672.

Sectorally, the S&P BSE Metal index dropped 2.3%, followed by the Oil & Gas index which was down 1.7%, and Capital Goods index dropped 1.6%.