Nifty freefalls, closes below 4600 | Realty, Metals dip 6 to 9%

The Nifty has seen sharp sell-off today and inched back towards the 4500 level for the first time since August 2009. It has fallen for sixth consecutive day on heavy volumes and closes below psychological - 4,600 mark for the first time since August 21, 2009. Huge shorts build up and weak global cues hammered the equity benchmarks. High beta stocks have beaten down badly. Selling was seen across all the sectors. The BSE Realty Index crashed 9.7%. Metal, oil & gas, power, technology and capital goods stocks also cracked, respective indices fell 3-6%