A sell-off gripped bourses in late trade. The 50-unit CNX Nifty hit its lowest level this week to close at 6123 down by 80 points (1.6%), BSE SENSEX shut shop down by 256 points at 20635. The market breadth, indicating the overall health of the market, turned negative from positive in late trade. In Nifty50 stocks the advance to decline stood at 4 advances to 46 declines indicating the amount of pessimism built in late hours of trade. Barring CNX Metal index (which closed almost flat at 0.10%) all other sectoral indices in NSE closed in the red, with PSU Bank, Bank Nifty and Media worst hit.
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