The 50-share Nifty index plunged below its crucial support level of 6000 in trade on Thursday, as muted global cues and weakening rupee put the bulls on the back foot.
The Nifty has corrected sharply in the last four trading sessions and after testing a high of 6229 on this Monday, the Nifty has shed more than 4.3% to close at 5967 on Thursday.
The correction in India equities was largely led by sell off in global markets after comments from the US Federal Reserve and muted manufacturing PMI data from China fuelled bearish sentiment.
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