Rising margin debt paired with slowing disposable income and higher borrowing costs is inflating market risk and makes any downturn more likely to be sharp and forced.

Aussie Resumes Its Recovery as we see it sharply and impulsively bouncing after a corrective decline by Elliott wave theory.

The BSE Sensex ends lower at 609 points lower, while the Nifty ended 225 points lower at 25,960.