Epic Global Market Update

China worries and weak earnings pushed the Wall Street lower on Wednesday. Major indices slipped over a percent. European markets also ended lower with 2 percent cuts. Asian markets are in a negative mode on Thursday with Japanese market down more than a percent.
The Nifty took a breather on Wednesday after surging close to two percent a day before. The Sensex closed at 18731.16 down 14 points and the Nifty ended below 5700 at 5688. The Nifty closed above its 200 day moving average of 5656.

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