The market corrected sharply for the second trading session in a row on October 19, with the Sensex falling more than 450 points as bears further tightened their grip on Dalal Street. Reliance's mixed Q2 earnings, liquidity crisis in NBFCs, H1-B visa issue and weak global cues weighed on the market.
The Nifty 50 opened sharply lower at 10,339.70 and extended sell-off as the day progressed. It hit an intraday low of 10,249.60 in the afternoon, followed by a bit of recovery in the last hour of trade. The index closed 149.50 points lower at 10,303.50.
The Nifty 50 formed the small bearish candle (as the gap between opening and closing price was only 36 points), which resembles a "Spinning Top" kind of indecisive pattern.
Source-
https://www.moneycontrol.com/news/business/markets/what-changed-for-the-market-while-you-were-sleeping-top-10-things-to-know-18-3068741.html
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