Stock Market Highlights: Sensex drown 550 points today and Nifty lower down by 1.5%.
Today Indian stock markets fall rapidly due to low selloff in the banking sector. The fear of Coronavirus in investors affects the share market and now investors having fears of the second wave of corona in Beijing and parts of the US. The Sensex solder over 550 points and finish at 33,228 while the Nifty 50 index ended down 1.6% at 9,813.
Here are today’s highlights of Share Market.
In a week Sensex and Nifty fall by 1%, Nifty Bank nearly 2%.
Nifty ends 159 points lower at 9,814, Sensex 552 points lower at 33,229
This week Midcap index gains more than 1%.
This week the top gainers were IndusInd Bank, M&M, Hero MotoCorp, Bajaj Finance.
The top loses was bear by Zee Entertainment, Coal India, UPL, Tata Steel top Index losers.
For the 3rd straight day Market slips and ended by lowering after a volatile day of trade.
Midcap index slips 171 points to 14,169 and Nifty Bank 742 points to 19,913
RIL lifts by 21 points while HDFC twins, ITC and ICICI Bank drag Nifty by 87 points.
After two important Jio deals, Reliance Industries hits high record.
Reliance partly paid shares close at 700 against the listing of 685.
BHEL amongst top Midcap losers after disappointing earnings in Q4.
Bank of India, Jubilant Lifesciences, TV18, Oil India top Midcap gainers.
In India, the number of Corona cases rapidly rise and reach to 3.3 lakh and fatalities are over 9,500, making it the world’s fourth-worst affected country. Now the Fears of a second wave of COVID pushed equity markets lower across the world. Today the European markets were lower while Dow futures were down over 500 points in recent trade.