Sensex sheds over 400 points; Nifty tumbles below 8,200 as COVID-19 uncertainty looms
- The 30-share BSE was trading 375.34 points or 1.33% lower at 27,889.97.
NSENifty fell 105.35 points, or 1.28%, to 8,148.45.
- Kotak Bank,
IndusInd Bank, Hero MotoCorp, Asian Paints, Titan and ICICI Bank were the top losers in Sensex.
Similarly, the NSE Nifty fell 105.35 points, or 1.28%, to 8,148.45.
Kotak Bank was the top loser in the Sensex pack, cracking up to 7%, followed by IndusInd Bank, Hero MotoCorp, Asian Paints, Titan and ICICI Bank.
On the other hand, PowerGrid, ONGC, HCL Tech and Sun Pharma were the gainers.
In the previous session on Wednesday, the 30-share BSE barometer Sensex slumped 1,203.18 points or 4.08% to finish at 28,265.31. Similarly, the NSE Nifty tanked 343.95 points, or 4%, to close at 8,253.80.
Foreign institutional investors (FIIs) were net sellers in the capital market, as they offloaded equity shares worth Rs 1,116.79 crore on Wednesday, according to provisional exchange data.
Market was closed on Thursday on account of 'Ram Navami'.
With fresh cases of novel
US equities finished Thursday's session higher, underpinned by solid gains in energy shares.
The Dow Jones Industrial Average jumped 469.93 points, or 2.24%, to 21,413.44. The S&P 500 was up 56.40 points, or 2.28%, to 2,526.90. The Nasdaq Composite Index rose 126.73 points, or 1.72%, to 7,487.31.
All the 11 primary S&P 500 sectors climbed, with energy up 9.08% at the close, outpacing the rest.
Energy shares advanced broadly, bolstered by regained optimism about a possible production cut deal between world's major oil producers.
Thursday's market rally came despite data showing a shocking number of Americans applied for unemployment benefits amid the COVID-19 crisis.
(With inputs from wire services)
SEE ALSO: Coronavirus News and Updates
World Bank approves $1 billion funding for India, $200 million for Pakistan to fight coronavirus