Here's how the Markets opened today

The Nifty plunged below the crucial 8,000-point mark, dropping more than 3 percent in early deals on Monday as a global sell-off accelerated in Asia. There were no gainers on the Nifty, Sensex and in the futures and options space, denoting the complete dominance of bears on Dalal Street. The fear Index jumped a whopping 39 percent.

The Nifty hit its lowest level since June 16, falling in sync with major indices in Asia, the US and in Europe as fears of a global slowdown in growth hit home. The Index was poorer by 258 points at 8,041. It had briefly traded at 7,997 points before a bout of short covering saw it climb above 8,000. All 50 stocks on the Index lost ground. Yes Bank, Tata Motors, Vedanta, GAIL and Axis Bank were the top losers on the Nifty.

Axis Bank was the top traded counter on the Index with 76 crore rupees worth of shares being traded. State Bank of India and Infosys were the other two major stocks exhibiting heavy demand in early deals. All three stocks were under heavy losses.

Broader indices shed 3.2 percent to 4.2 percent with the CNX Small Cap Index being the top loser. All indices were coloured by a deep shade of red. The Bank Nifty plunged 3.8 percent to 17,371 points, its lowest in six months. Sectorial losses totalled 2.2-5 percent. The CNX Realty Index was the biggest loser. Stocks suffered heavily on the Bombay Stock Exchange as well, where the Sensex plunged 828 points to 26,538 in the first 20 minutes of trade. The Advance-Decline Ratio stood at 0/30. Axis Bank, Bajaj Auto, GAIL, ONGC and ICICI Bank were the top stocks that ceded the maximum ground on the Sensex.

Bears dominated the entire proceedings in the futures and options space. All 161 futures traded in the red with the front month Nifty contract dropping 3.3 percent, or 273 points at 8,032. SKS Micro, JP Power, IFCI, Tata Communications and Indiabulls Housing Finance were the top five futures that posted the sharpest losses.

Bears took charge of the broader market. The Advance-Decline Ratio was 76 stocks that rose versus 1,313 that dropped on the NSE.

Adani Power, Adani Enterprises, Emco, Atlanta and EID Parry were stocks that hit fresh 52-week lows. Gujarat Pipavav Port, Zodiac Clothing, SKS Micro, NHPC were notable stocks on the list of volume buzzers.

Image credit: Indiatimes