Indian equity benchmarks finally ended a month-long consolidation phase with a breakdown and lost over 1.5%. Participants were in a cautious mood from the beginning and a sharp sell-off in the banking, IT and energy majors further soured the sentiment as the day progressed.

Dear Trader… A continued heavy selling pushed Indian equity markets near their fresh intraday low points in today deals, with both Sensex and Nifty closed in deep red, despite positive cues from other Asian markets. Sentiments were downbeat, amid a private report stating that private equity (PE) and venture capital