- US Markets fell sharply on Monday, Nasdaq is now 20% down from Nov 19 close confirming index has been in bear market
- Asian markets dipped early morning following US markets
- SGX Nifty indicating 100 point cut
- FIIs net sold worth Rs 7,482.08 crore while DIIs net bought Rs 5,331.03 crore
- Markets likely to remain volatile before any consolidation starts to happen
- Bank Nifty now clearly seeing some sharp cuts indicating key Banking stocks are under pressure
- Option data suggests a wider trading range in between 15500 to 16500 zones