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Rediff.com  » Business » Sensex tanks 811 points in fag-end selloff

Sensex tanks 811 points in fag-end selloff

Source: PTI   -  Edited By: Nandita Malik
March 17, 2020 16:24 IST
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Top losers in the Sensex pack included ICICI Bank, IndusInd Bank, Bajaj Finance, Kotak Bank, HDFC, Infosys and SBI. On the other hand, HUL, Hero MotoCorp, PowerGrid, Maruti and Asian Paints were among the gainers.

NSE Nifty slumped 230.35 points or 2.50 per cent to close at 8,967.05.

Equity benchmark BSE Sensex plunged 811 points in fag-end selloff on Tuesday after a see-saw session as the coronavirus pandemic-led recession fears kept investors jittery.

After opening on a positive note, the 30-share index gyrated 1,653 points during the day.

It finally settled 810.98 points or 2.58 per cent lower at 30,579.09.

 

Likewise, the broader NSE Nifty slumped 230.35 points or 2.50 per cent to close at 8,967.05.

Top losers in the Sensex pack included ICICI Bank, IndusInd Bank, Bajaj Finance, Kotak Bank, HDFC, Infosys and SBI.

On the other hand, HUL, Hero MotoCorp, PowerGrid, Maruti and Asian Paints were among the gainers.

According to traders, value-buying lifted benchmarks during the first half of the session, but the gains could not be sustained as markets succumbed to coronavirus-led fears of an impending recession.

Elsewhere in Asia, bourses in Shanghai and Seoul ended in the red, while Hong Kong and Tokyo turned positive.

Brent crude oil futures fell 1.06 per cent to $29.73 per barrel.

The number of deaths around the world linked to the virus has topped 7,000, after Italy announced a new surge in fatalities, with over 175,000 infections recorded globally so far.

Photograph: Danish Siddiqui/Reuters

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Source: PTI  -  Edited By: Nandita Malik© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

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