The broader index opened almost 100 points higher, which was in line with Asian peers as investors assessed whether the recent sell-off was overdone. It could not hold the positive momentum. It tanked and hovered inside a tight band. Again in late trade, selling dragged the market at closing.
Overall the market was choppy and slid for a 3rd straight session. Though it doesn’t suggest that the market will not decline in the coming days. Level 8000 would act as a strong support level.
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