The stock market got in the bear grasp on Tuesday as equity benchmarks shed 2 percent in the last couple of hours of trading taking after sharp fall in European markets. Banks, foundation and metals stocks dragged.
The 30-share BSE Sensex dove 541.14 points to 25651.84 and the 50-share NSE Nifty fell 165.10 points to 7812 in the wake of hitting day's low of 7787.75. The loss in broader markets was less contrasted with benchmarks; the BSE Midcap and Smallcap records declined 1.6 percent and 1.2 percent, individually. About two shares declined for each offer progressing on the Bombay Stock Exchange.
MCX SILVER December contract was trading at Rs 35692 down Rs 480, or 1.33 percent. The SILVER rate touched an intraday high of Rs 36148 and an intraday low of Rs 35651. So far 7051 contracts have been traded. SILVER prices have moved down Rs 3428, or 8.76 percent in the December arrangement as such.
MCX GOLD October contract was trading at Rs 26391 up Rs 46, or 0.17 percent. The GOLD rate touched an intraday high of Rs 26450 and an intraday low of Rs 26290. So far 6545 contracts have been traded. GOLD prices have climbed Rs 238, or 0.91 percent in the October arrangement in this way.