68th Day Of Lockdown

Maharashtra65168280812197 Tamil Nadu2024611313157 Delhi173877846398 Gujarat1635692321007 Rajasthan83654855184 Madhya Pradesh78914444343 Uttar Pradesh77014651213 West Bengal48131775302 Andhra Pradesh3461228960 Bihar3359120915 Karnataka292299749 Telangana2499141277 Jammu and Kashmir234190828 Punjab2197194942 Odisha17239779 Haryana172194019 Kerala120957510 Assam9361044 Uttarakhand493794 Jharkhand4621914 Chhatisgarh4471021 Chandigarh2891994 Tripura2711720 Himachal Pradesh223634 Goa70420 Manipur6060 Puducherry57230 Nagaland3600 Meghalaya27121 Arunachal Pradesh310 Mizoram110 Sikkim100
Business Market 27 Mar 2020 Sensex, Nifty 50 los ...

Sensex, Nifty 50 lose momentum; Sensex dips by 130 points, Nifty below 8700

ANI
Published Mar 27, 2020, 4:51 pm IST
Updated Mar 29, 2020, 11:19 am IST
Rising probability that large parts of the global economy will slip into recession due to the outbreak
BSE tower. (Photo- PTI)
 BSE tower. (Photo- PTI)

Mumbai: Equity benchmark indices dithered in volatile trade on Friday as the Reserve Bank of India (RBI) reduced key repo rate by 75 basis points in line with central banks around the world to limit the economic slowdown amid rising coronavirus (covid-19).

The RBI unleashed an array of measures but also said that there is a rising probability that large parts of the global economy will slip into recession due to the outbreak.

 

The BSE S&P Sensex closed 131 points or 0.44 per cent lower at 29,816 but the Nifty 50 edged higher by 19 points or 0.22 per cent to 8,660.

Sectoral indices at the National Stock Exchange were mixed and largely flat with Nifty auto down by 2.4 per cent and realty by 0.4 per cent. Nifty private bank, however, was up by 1.7 per cent and PSU bank by 0.3 per cent.

Among stocks, Bajaj Finance dipped by 7.9 per cent, Hero MotoCorp by 7.8 per cent and IndusInd Bank by 5.6 per cent.

IndusInd Bank reversed its morning upward glide and cracked by 5.6 per cent while metal majors Hindalco, Vedanta and Tata Steel lost by 3.2 per cent, 3 per cent and 2.9 per cent respectively.

The other prominent losers were HCL Technologies, GAIL and Bharti Airtel.
But Axis Bank gained by 6.2 per cent to Rs 362.50 per share. Coal India, Cipla and NTPC traded higher between 4 and 6 per cent.

The US House of Representatives is expected to pass a two trillion dollars stimulus package later on Friday that will inject the world's largest economy with money to stem the damage caused by the pandemic.

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