Bears have been in a party mood post Diwali session while bulls had enjoyed their party till Diwali by taking the Sensex above 21,000 level. Equity benchmarks have seen carnage for third consecutive week and the reasons were: housing finance scam unearthed by CBI, sell-off in global markets due to Korean fears and credit concerns in European continent. Political instability due to 2G spectrum scam could be another reason for sell-off.
The 30-share BSE Sensex closed at 19136, down 181 points and the 50-share NSE Nifty was at 5752, down 48 points.
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