coronavirus update indiaas on : 20 October 2020 05:22 GMT+5:30
Market Updates: Sensex Sudden Fall Down 1,066 Points,Worst Day For Markets In 3 Weeks Amidst Global Selloff
Asian and European benchmarks tanked around 1-2 percent, as concerns that a resurgence in the coronavirus pandemic could lead governments to again shut down the economy
Market Updates: Sensex Sudden Fall Down 1,066 Points, Worst Day For Marktes In 3 Weeks Amidst Global Selloff
New Delhi: On Thursday the domestic stock markets suffered their worst day in three weeks with the benchmark indices snapping a rally that lasted 10 straight days, as a record of the number of new coronavirus infections in parts of Europe spooked investors across the globe.
During the session at the weakest level, the Sensex index dropped 1,097.98 points or 2.69 percent - to 39,696.76 and the Nifty dropped to as low as 11,666.30, down 304.75 points - or 2.55 percent - from its previous close
Updates in the market today:
1- A selloff in the IT and the financial stocks pulled the markets lower. The Sensex ended 1,066.33 points (2.61 per cent) lower at 39,728.41, and the Nifty settled at 11,680.35 for the day, down 290.70 points (2.43 per cent) from its previous close
2- Bajaj Finance, Tech Mahindra, Induslnd Bank, ICICI Bank, SBI, and HDFC Bank closing between 3.54 percent and 4.98 percent lower were the worst hit among 47 laggards in the Nifty basket.
3- The Reliance Industries, HDFC, and ICICI Bank were the biggest drags in Sensex, accounting together for a loss of nearly 500 points in the index.
4- The Infosys shares closed 2.4 percent lower at rupees 1,108 apiece on the BSE, having hit a record high of ₹ 1,185 during the session
5- On Wednesday, the Supreme Court said any delay in implementing a waiver on "interest on interest" on loans up to Rs 2 crore is not in the interest of the common man.
(Inputs From agencies)