23-Aug-2004

The equity markets plunged today by 41 points and the benchmark NIFTY closed the day at 2326. The prolonged bull-run seems to be coming to a halt. The banking shares were very weak today and the Bank Futures closed the day at 4040. The NIFTY August Futures closed at the same level as the spot. However, the September NIFTY futures was trading at a steep discount....Has the markets slowed down...or will it go up again ???...