The markets slipped over 2% in the last leg of trade following heavy selling in front-line IT and banking shares as concerns of global growth slowing down weighed on investor sentiment.

The Nifty opened flat, but wilted under selling pressure soon after. The index cracked the 5,000-mark, and touched a low of 4,932.15 during the last half an hour of trade. The Nifty finally closed near day’s low at 4,944.15, down 112.45 points and the Sensex ended at 16,469.79, down 371.01 points or -2.20 %.

Nifty Futures shut stop at 4931.10 down by -136.65 points or -2.68 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 4925 else above resistance level of 5140 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 5140 & above this level the next resistance is seen near the 5230 mark. 

SUPPORT: It has first support close to the level of 4925 & below this level the next support is seen near 4775 mark. 

In banking, CNX Bank Index lost -351.70 points or -3.53 %. Amongst the banking stocks UCO Bank, United Bank of India and Indian Bank lead the row.

Bank Nifty Futures shut stop at 9552.90 down by -402 points or -4.04 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 9540 else above resistance level of 9990 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 9990 & above this level the next resistance is seen near the 10195 mark. 

SUPPORT: It has first support close to the level of 9540 & below this level the next support is seen near 9275 mark. 

It was a day out in the red on Thursday for several stocks from across various sectors as investors resorted to some heavy selling almost right through the session, tracking global cues.

Worries about the global economy on the back of near term uncertainty in the U.S., lingering concerns about the state of affairs in the euro zone and fears of another rate hike back home despite somewhat easing inflation, all contributed to the sell-off today.

The Sensex, which plunged to 16,433.31, ended the day at 16,469.79 with a big loss of 371.01 points or 2.2%.

The Nifty settled at 4944.15, slightly off the day's low of 4932.15, recording a loss of 112.45 points or 2.22%.

Benchmarks ended in the negative territory but off day's low after institutional investors turned sellers in the last half an hour of trade. Weak cues from Europe, US and concerns of possible rate hike by the RBI pushed bulls on the back foot. India's WPI inflation for the month of July eased slightly to 9.22 percent against 9.44 per cent a month ago. May WPI inflation has been revised upwards to 9.56 per cent vs 9.06 per cent. The inflation level remains stubbornly above the comfort levels. The S&P CNX Nifty closed at 5035.80, down by -37.15 points or -0.73 %.

Nifty Futures shut stop at 5040 down by -39.85 or -0.78 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5000 else above resistance level of 5140 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 5140 & above this level the next resistance is seen near the 5235 mark. 

SUPPORT: It has first support close to the level of 5000 & below this level the next support is seen near 4950 mark. 

In banking, CNX Bank Index lost -124.40 points or 1.19 %. Amongst the banking stocks Dhanlaxmi Bank, Axis Bank and Bank of Baroda lead the row.

Bank Nifty Futures shut stop at 10085 down by -126.30 points or -1.24 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10015 else above resistance level of 10315 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 10315 & above this level the next resistance is seen near the 10525 mark. 

SUPPORT: It has first support close to the level of 10015 & below this level the next support is seen near 9930 mark. 

Erasing early gains, the Bombay Stock Exchange benchmark Sensex fell nearly 109 points on Tuesday as funds sold on fears of hike in interest rate amid high inflation and weak global markets.

The Sensex, which had climbed to 17,035.49 in the morning trade, gaining 187 points, fell back to end with a loss of 108.69 points at 16,730.94 on fears that RBI might hike key interest rates to curb inflation as it remained over 9 per cent for July.

Brokers said the nominal decline in inflation to 9.22 per cent in July, from a 9.44 per cent in June, was not enough to avert fears of further hike in interest rates.

The broad-based National Stock Exchange index Nifty lost 37.15 points to 5,035.80, after climbing to 5,132.20 as stocks in metals, realty, bank and oil and gas sector fell.

Markets declined as investors remained cautious over murky global outlook and expectations that the Reserve Bank of India would continue to hike rates after better than expected industrial output data.

The Nifty opened in the green and touched a high of 5,194.45 tracking firm global cues. The index wilted under selling pressure after the industrial output data came in higher than expected; stoking expectations that RBI may continue with its tightening process. The index made a low of 5,052 in the noon session. The S&P CNX Nifty finally closed at 5,072.95, down 65.35 points.

Nifty Futures shut stop at 5074.50 down by -62.75 or -1.22 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5050 else above resistance level of 5190 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 5190 & above this level the next resistance is seen near the 5240 mark. 

SUPPORT: It has first support close to the level of 5050 & below this level the next support is seen near 4950 mark. 

In banking, CNX Bank Index lost -156.10 points or -1.51 %. Amongst the banking stocks Jammu & Kashmir Bank, Union Bank of India and Allahabad Bank lead the row.

Bank Nifty Futures shut stop at 10179.90 down by -164.15 points or -1.59 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10175 else above resistance level of 10525 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 10525 & above this level the next resistance is seen near the 10790 mark. 

SUPPORT: It has first support close to the level of 10175 & below this level the next support is seen near 9935 mark. 

A strong close on Wall Street overnight and an impressive show by stocks on the Asian bourses set up a buoyant start for Indian stocks Friday morning. However, after the first hour, the market faltered and kept drifting lower following a surprisingly upbeat industrial production data for June raising fears of another rate hike by the central bank.

The sharp surge in food inflation too weighed on sentiment to a significant extent. Ignoring some good report cards from India, investors indulged in some selling right through the day, fearing a significan drop in earnings over the next few quarters due to rising borrowing costs.

According to the data released by the government on friday, India's industrial output, as measured by the IIP, grew by 8.8% in June versus consensus forecast of 5.5-5.7%. The Government also revised May's IIP reading to 5.9%, from 5.6% earlier.

Information technology, bank and realty stocks were among the prominent losers. Several stocks from power and metal sectors too ended notably lower. Oil, capital goods and automobile stocks gave up early gains and ended weak. Select FMCG and healthcare stocks found some support. Midcap and smallcap stocks managed to outperform the market till around mid afternoon but lost their way towards the end of the session. 

The Sensex, which opened with a positive gap of nearly 200 points at 17,246.88 - it remained its high for the day - but plunged to 16,784.56 in afternoon trade, ended the day with a loss of 219.77 points or 1.29% at 16,839.63. The National Stock Exchange's benchmark Nifty closed at 5072.95, nearly 125 points off the day's high of 5194.45, recording a loss of 65.35 points or 1.27%.

Markets ended in the red due to selling pressure in frontline stocks-ICICI Bank, Bharti Airtel and Tata Power, shrugging off firm cues from Europe.

The Nifty opened in the negative and touched a low of 5,128 tracking weak global cues. The index changed lanes and touched a high of 5,184 in the afternoon session following a recovery in Asian indices and rally in European markets. However, selling in select banking and frontline shares dragged the index in the last leg of the trade. The Nifty finally ended at 5,138, down 23 points and the Sensex closed at 17,059, down 71 points.

Nifty Futures shut stop at 5128 down by -30.65 or -0.59 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5118 else above resistance level of 5240 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 5122 & above this level the next resistance is seen near the 5240 mark. 

SUPPORT: It has first support close to the level of 5118 & below this level the next support is seen near 4950 mark.