Chinese index HangSeng was sold off around the same time as our Nifty collapsed from 5940 to 5890. HangSeng is down 1.75% at this time...
Metals, OMC and Software sector are very stable. They are holding up the index. Otherwise, with the kind of cuts we have seen in Banking stocks, Nifty could have crashed to 5850 levels. Hopefully, after 1:30, we could see some strength and stability.
Cheers!