Sensex sheds over 1,200 points; Nifty tanks below 8,300 amid global selloff
- The 30-share BSE Sensex slumped 1,203.18 points or 4.08% to finish at 28,265.31 levels.
- The NSE Nifty tanked 343.95 points, or 4%, to close at 8,253.80.
- On the global front, bourses in
Hong Kong, Tokyo, Seoul and Shanghai plunged up to 4%.
Similarly, the NSE Nifty tanked 343.95 points, or 4 per cent, to close at 8,253.80.
Tech Mahindra was the top loser in the Sensex pack, crashing over 9 per cent, followed by Kotak Bank, Axis Bank, TCS, Infosys and HUL.
On the other hand, Hero
According to traders, domestic equities plunged in tandem with global stocks as no respite from the
Extensive lockdowns to contain the spread of the virus have severely hit business outlook, they said.
Around the world, total number of infected cases surged past 8.6 lakh, while deaths have crossed 42,000.
The number of Covid-19 cases climbed to 1,637 in India, while the death toll rose to 38, according to the Health Ministry.
"For the month of April, macro risk appetite driven by news flow around potential peaking of fresh Covid-19 cases would be the key driving force for foreign flows," said S Hariharan, Head - Sales Trading, Emkay Global Financial Services.
On the global front, bourses in Hong Kong, Tokyo, Seoul and Shanghai plunged up to 4 per cent.
Benchmarks in Europe were also trading with significant losses.
Brent crude futures, the global oil benchmark, plunged 5.20 per cent to USD 24.98 per barrel. ANS ABMABM