The markets closed in the red yet again on Tuesday with both the Sensex and the Nifty closing below the psychological 13,000 and 3900 marks respectively. The Sensex closed at 12,961, shedding 500 points or 3.7 per cent. The Sensex closed below 13,000 levels for the first time since 5 April’07.
The Nifty also breached the 3900 mark to close at 3896 levels, 3.6 per cent down. The Nifty closed below 3900 for the first time since 12 April’07.
Heavy selling was witnessed across the board with all sectors closing in the red. Realty, banking and metal counters were the major losers of the day.