Sensex, Nifty nosedive; TCS, Infosys, SBI below 200 DMA

The market continues to nosedive as the Nifty cracks more than 2 percent to slip below the 8150 mark. The 50-share index is down 193.35 points or 2.3 percent at 8131.45. The Sensex is down 604.64 points or 2.2 percent at 26835.50.

Bank Nifty leads the fall, down almost 3 percent while heavyweights like TCS, Infosys, SBI and Reliance slip below their 200-day moving average.

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Posted in: Indian Market Tips