Trading resumes on stock exchanges; Sensex tanks over 3,300 pts


Business, Market

It hit an intra-day low of 29,388.97, falling up to 3,389.17 points

People watch share prices on a digital display on the facade of the Bombay Stock Exchange (BSE) building in Mumbai on March 12, 2020. (AFP)

Mumbai:Domestic stock trading on Friday resumed after a 45-minute halt, with equity benchmark Sensex plummeting further to 3,389 points and the broader Nifty sinking below 8,600 level.

Stock exchanges paused trading for 45 minutes after both indices plunged over 10 per cent, hitting their lower circuit limits, within the first 15 minutes of opening of the session.

Continuing its downward spiral, domestic BSE Sensex was trading 3,380.59 points, down 10.31 per cent at 29,397.55. It hit an intra-day low of 29,388.97, falling up to 3,389.17 points.

Similarly, the NSE Nifty cracked 1,036.20 points, or 10.80 per cent, to 8,553.95 after resumption of trade.

Tech Mahindra was the top loser on Sensex, cracking up to 15 per cent, followed by Axis Bank, IndusInd Bank, HCL Tech, Kotak Bank and TCS.

Earlier: BSE, NSE stop trading as panic grips stock markets

Stock exchanges halted trading for 45 minutes as the Sensex and Nifty hit lower circuit limits.

The BSE Sensex tanked 2,548.94 points to 30,229.20 in the opening session, and the Nifty plunged 729.95 pts to 8,860.20.