Sensex slumps 674 points; Nifty drops below 8,100
Business | April 03, 2020 16:04 ISTAfter hitting a low of 27,500.79 during the day, the 30-share BSE barometer ended 674.36 points or 2.39 per cent lower at 27,590.95.
After hitting a low of 27,500.79 during the day, the 30-share BSE barometer ended 674.36 points or 2.39 per cent lower at 27,590.95.
Investor wealth dropped Rs 3,20,633.05 crore on the first day of the new financial year as selling resumed in the equity market amid rising cases of COVID-19.
Equity benchmark Sensex plummeted over 1,203 points on Wednesday, in line with a global selloff as investors fretted over the impact of prolonged worldwide lockdowns due to the Covid-19 pandemic.
Equity benchmark indices traded lower during early hours on April 01 as the new financial year (2020-21) kicked in with investors focused on rising coronavirus infections and its impact on the Indian economy.
The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade. The Sensex of the BSE opened at 29,505.33 points and touched a high of 59,505.98. The Sensex touched a low of 29,107.98 point.
Investor wealth dropped by Rs 37.59 lakh crore in 2019-20 fiscal, led by a weak broader market where the BSE benchmark tanked nearly 24 per cent. The 30-share BSE Sensex ended 2019-20 with a loss of 9,204.42 points or 23.80 per cent, while the Nifty sank 3,026.15 points or 26.03 per cent.
The 30-share BSE barometer settled 1,028.17 points or 3.62 per cent higher at 29,468.49. Similarly, the NSE Nifty rose 316.65 points, or 3.82 per cent, to close at 8,597.75.
After plunging over 1,500 points during the day, the 30-share BSE barometer ended 1,375.27 points or 4.61 per cent lower at 28,440.32.
Market benchmark BSE Sensex closed lower by 131 points or 0.44 per cent in volatile trade on Friday, cutting short its three-day winning run due to deepening growth concerns and a less-than-expected moratorium on loans announced by the RBI in its monetary policy.
The 30-share BSE barometer rallied 1,410.99 points or 4.94 per cent to settle at 29,946.77. It surged over 1,564 points during the session.
After gyrating 1,823.97 points, the BSE barometer gave up some gains to end 692.79 points or 2.67 per cent higher at 26,674.03.
Equity benchmark sensex hits 10 percent lower circuit, plunging by 26,924 triggering a 45-minute trading freeze as coronavirus-led lockdowns across the world stoked fears of a massive global recession.
Sensex opened around 500 points higher at 28,640.73 while Nifty was above 8,200 in the opening session on Friday. The indices, however, succumbed to profit-booking at higher levels as concerns remained over the rising cases of the novel coronavirus (Covid-19), traders said.
Sensex crashes 1600 points, NIFTY by 500 points amid coronavirus scare
Equity benchmark Sensex plunged over 1,709 points on Wednesday as talks of stimulus measures to cushion the economic blow of the Covid-19 pandemic failed to cheer markets across the globe.
Equity benchmark indices were in the negative zone during early hours on March 18 as worries about coronavirus pandemic eclipsed hopes that broad policy will easily curb the economic impact of the outbreak.
It is a positive start for the Indian indices on March 18 with Nifty opening above 9,100 level.
The impact of the coronavirus has continued to be overtly visible on Dalal Street on Tuesday. As Sensex plunged 850 points, Nifty breached the 9,000 mark for the first time in 3 years. Volatility in the market continued as India witnessed its third death due to COVID-19.
Sensex slipped by more than 500 points but recovered quickly currently at 31,819.73 while Nifty stands below 9,500 in the opening session on Tuesday.
Resuming its free fall, the BSE Sensex plunged over 2,713 points on Monday, tracking a selloff in Asian peers as the coronavirus pandemic continued to wreak havoc on markets.
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