Sensex crashes 1,000 points from day's high. Early signs of a U-turn?

The fall was sharper in the Nifty Midcap and Nifty Smallcap indices - each of them tumbled around 2%. FMCG was the only sectoral index trading in the green, while banks and IT indices were trading around 0.5% lower. The fall was sharper in auto, media, metal, PSU banks, and realty stocks. In percentage terms, today's decline in Nifty was the biggest single-day loss since October 26. In the last one month alone, the index is up over 1,500 points or about 7.6%.

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