Mumbai: The BSE Sensex crashed as much as 289 points in late trade on Monday due to fall in banks, metals and capital goods stocks, tracking weak global cues.
Global markets worried about the outlook for US economy after lower than expected non-farm and private payrolls data that announced on Thursday; the Dow Jones futures fell 114 points, which is indicating lower opening of US markets on Monday. Asian markets were down 1-1.5 per cent.
Back home, the BSE benchmark fell 263.88 points or 1.51 per cent, to close at 17,222.14, weighed down by 25 components. The NSE benchmark was down 88.50 points or 1.66 per cent to 5,234.40.
Experts feel the Nifty may test the 200 daily moving average again (5151), citing lack of positive domestic cues.
Ambareesh Baliga of Way2Wealth feels the market will again test that 200 DMA and possibly this time it may break because there are hardly any triggers on the positive. "I don't expect any positive surprises during earnings, the macro data which is expected to come on Thursday that would be flattish or negative and in the monetary policy, I don't think there can be any rate cuts," he reasoned.
Infosys, country's second largest software services exporter dropped 1 per cent ahead of earnings on Friday. Brokerage houses expect Infosys to post a fall of 2.5-4 per cent QoQ in fourth quarter's net profit.
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