Key Points
The relentless buying by foreign institutional investors notwithstanding, domestic equities lost ground, and Sensex has shed over 900 points in just two trading sessions...
The overall market breadth was negative as laggards on the BSE outnumbered gainers...
The recent weakness in the global markets amid concerns around the debt ceiling negotiations in the US and the rise in the dollar index has been the major factors driving down domestic equities...
A default would crack open the foundations upon which our financial system is built, Yellen warned, adding It is very conceivable that wed see a number of financial markets break with worldwide panic triggering margin calls, runs, and fire sales...
Amid the weakness in the market, volatility gauge India VIX rose nearly 2% to 13.55 points, inching closer to its 1-month high of 13.74 points...
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