After an extremely volatile session the Intraday market might once again try to recover their opening losses at the time of closing as Sensex recovered about 100 points in the last one hour of trade, the current recovery in the market occurs due to the stability in Oil price.
All through the major market index in Indian stock market improve little a bit but still ended the day at a 21-month low as Sensex close the day 23,758.90, down 262.08 points or 1.09 per cent at the same time Nifty, too settled at a new 21-month low of 7,215.70, down 1.13 per cent or 82.50 points.
The BSE bankex was the biggest sectorial loser for the day as shares of PNB, Bank of Baroda, SBI and IndusInd Bank lost 8.99 per cent, 5.28 per cent, 4.82 per cent and 3.92 per net respectively.
It is impossible to predict when the market will bottom out. However, experts say that short-term pain will continue for some more time.
