06 November Wednesday

Nifty Opens Below 8K For First Time Since Dec 2016; Sensex Hits 38-Month-Low, Tanks 1,800 pts

Web Desk (VS)Updated: Thursday Mar 19, 2020

 

MUMBAI : Blood bath on Dalal Street continues unabated with Sensex sliding to 38-month-low levels and Nifty, for the first time since 27, Dec 2016, breaching 8000 mark.

The S&P BSE Sensex fell, 1900 points to 26,900 and Nifty50 index slumped to 7,955 down 507 points.

Among big cap losers, Bajaj Finance plunged 13 percent while Kotak Mahindra Bank and Indusind Bank were both down over 10 percent each.  Incidentally, private banks are among the biggest losers in the day, their indices being down 6 percent.

According to experts the Corona-triggered sell-off is here to stay for some more time. Gold prices meanwhile declined over 1 percent on Thursday trading below 40,000 mark.

 

 

 

 

 


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