Taking Stock: Financials drag market; Sensex plunges 600 points, Nifty holds 10600

Profit booking hit D-Street on Tuesday, a day after the Nifty50 retested its crucial resistance level of 200-Days Moving Average (DMA) placed around 10,881. The index plunged by near 200 points while the S&P BSE Sensex saw a downtick of more than 600 points dragged down by losses in financials.

Let’s look at the final tally on D-Street – the S&P BSE Sensex plunged 660 points to 36,033 while the Nifty50 was down 195 points to close at 10,607 to hit a 2-week low.