Worried about the market crash? Here's how analysts interpret the fall

A sharp crash in the US markets in the overnight session spilt over to other Asian markets too on Friday, with India being no exception.

Both the benchmark indices BSE Sensex and NSE Nifty witnessed a nearly 3 per cent crash, forcing investors to scurry for cover. Financials, Reliance Industries (RIL) and tech majors TCS and Infosys were among the top drags. Marginal gains in select pharma names, however, cushioned the fall to some extent.

The market breadth was in favour of the bears with the advance-decline ratio at nearly 1:2, implying that one share rose for every two that