The market turned negative again as global credit concerns continued to haunt investors. Reports that Barclays and Royal Bank of Scotland
had held emergency funding talks of at least $79 billion with the UK government triggered fresh wave of selling across markets.
Midcaps and smallcaps witnessed heavy selling pressure. BSE Midcap and Smallcap indices fell 2.64 per cent and 2.54 per cent respectively.
Market breadth worsened with 1883 declines continued to outnumber 633 advances on BSE.
Tuesday, October 7, 2008
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