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Global Stock Market in Late January; Wall Street's Dow Tumbles 116

Thursday’s selloff landed the markets in the red on the week, adding to last week’s plunge, which was the Dow’s worst since March 2009. Wall Street continues to respond negatively to earnings season in the face of a number of upbeat results.

Next Reliable Support 4,800 For Market's Drop Target

Financials were also down with the Bank Nifty losing somewhat less than the market but most bank stocks closed bearish. The market crashed in the last two sessions with the Nifty bouncing from 4,955 level to close at 5,036 points for a week-on-week loss of 4.12 per cent.