Stock markets are showing anxiety over the geo-political situation emanating out of West Asia.
Tim Condon, Head of Research-Asia at ING Financial Markets told that he expects the nervousness surrounding emerging markets to continue because of the negative newsflow coming out of Libya which is affecting crude supplies. “Emerging markets are not going to be a safe haven in the environment we are seeing today. The only safe haven appears to be the US.”
So we can suppose that the reason of loss of nifty for today may be the Libya Unrest.