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Markets
Sensex gives up morning gains of more than 400 points led by losses in Axis Bank
Further selling by FPIs, more corrections in broader market likely
Sensex down 1,000 points on huge selloff
Railway stocks down up to 9%
Nifty forms bearish Engulfing candle
Profit booking in IT, FMCG stocks amid subdued trend
RIL trades cheap relative to Nifty: Jefferies
Speculative activity pushes many mid & small cap stocks to frothy valuations
Book profits amid short covering
Economy
Pullback formation may continue
Nifty ends three-day losing streak
Nifty falls below critical near-term moving average
