Sensex Ends 465 Points Lower; Tata Consumer Products And Cipla Among Top Nifty Losers

After opening the day on a positive note, Indian share markets witnessed huge selling during closing hours and ended their day 1% lower.

Benchmark indices witnessed a sharp sell-off across all sectors in the afternoon session and fluctuated between gains and losses throughout the day amid fresh woes pertaining to the impact of coronavirus on businesses.

The BCCI cancelled the ongoing IPL season after several players and support staff tested positive.

Selling pressure was also seen in index heavyweights Reliance Industries and HDFC twins.

At the closing bell, the BSE Sensex stood lower by 465 points (down 1%).

Meanwhile, the NSE Nifty closed lower by 137 points (down 0.9%).

SBI Life Insurance and ONGC were among the top gainers today.

Tata Consumer Products and Cipla, on the other hand, were among the top losers today.

The SGX Nifty was trading at 14,555, down by 128 points, at the time of writing.

The BSE Mid Cap index and the BSE Small Cap index ended down by 0.5% and 0.6%, respectively.

Sectoral indices ended on a negative note with stocks in the healthcare sector, telecom sector and energy sector witnessing most of the selling pressure.

Banking stocks reversed early gains and ended on a negative note.

Oil and gas stocks, on the other hand, witnessed buying interest.

Shares of Grindwell Norton and Tata Elxsi hit their respective 52-week highs today.

Adani Ports and JSW Energy were among the top buzzing stocks today.

Asian stock markets ended on a positive note today. The Hang Seng ended up by 0.7%. Financial markets in Japan and China were closed today for a public holiday.

US stock futures are trading on a flat note today with the Dow Jones Futures trading up by 13 points.

The rupee is trading at 73.84 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.4% at Rs 47,148 per 10 grams.

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