Sensex down 170 pts as stocks tumble on weak global cues

Amid growing concerns about global economy, and mirroring weakness across global markets, the Indian market opened on a highly negative note this morning.

Sensex down over 350 pts; metals, auto drag

Stocks were under force as bearish attitude spooked global markets on information of North Korean plans to conduct military strike against South Korea. concern economic turmoil in Europe continued to play killjoy.

"Nifty now faces confrontation at 5000 levels. The fact that the Nifty close below 200 SDMA many days now has a cause to consider a case for a deeper correction. For the day support is predictable around the 4850 level, while 4900 is predictable to offer a good confrontation.