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Nifty struggles at 2,900; metal, oil, telecom, auto dip

http://www.moneycontrol.com

Sell-off in telecom, banking, capital goods, metal, auto, power, and oil stocks is putting pressure on markets. The Nifty has been struggling at 2,900 since morning. Asian markets dipped further by 2.5-7.5%.The Sensex fell 388 points to 9,731 and the Nifty plunged 110 points to 2,883, at 12:48 pm. BSE Midcap and Small Cap indices lost over 2.5%.

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