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Sensex sinks 812 pts on global selloff; Nifty cracks below 11,300

Last updated on: September 21, 2020 21:03 IST

IndusInd Bank was the top loser in the Sensex pack, tanking over 8 per cent, followed by Bharti Airtel, Tata Steel, ICICI Bank, M&M, Maruti, Axis Bank and ONGC.

On the other hand, Kotak Bank, Infosys and TCS were the gainers.

Domestic equity benchmark Sensex plunged 812 points on Monday, led by losses in Reliance Industries, ICICI Bank and Bharti Airtel amid a massive global selloff.

 

The 30-share BSE index ended 811.68 points or 2.09 per cent lower at 38,034.14.

The NSE Nifty tumbled 254.40 points or 2.21 per cent to finish at 11,250.55.

IndusInd Bank was the top loser in the Sensex pack, tanking over 8 per cent, followed by Bharti Airtel, Tata Steel, ICICI Bank, M&M, Maruti, Axis Bank and ONGC.

On the other hand, Kotak Bank, Infosys and TCS were the gainers.

According to traders, domestic equities followed the sudden selloff in global benchmarks amid concerns over rising COVID-19 cases in Europe.

Bourses in Shanghai, Hong Kong and Seoul ended significantly lower.

In the forex market, the rupee strengthened 7 paise and closed at 73.38 against the US dollar.

Photograph: Francis Mascarenhas/Reuters

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