MARKETS: Indices enter bear phase; Sensex sinks 1,700 pts, Nifty below 10K

Lavern Vogel

Globally, about 119,400 verified circumstances of Coronavirus have been reported amid which about four,300 individuals have succumbed to the virus. Wall Road shares plunged on Wednesday, with the Dow confirming a bear current market for the initially time because the economical disaster.  The Indian headline indices-Sensex and Nifty have been […]

Globally, about 119,400 verified circumstances of Coronavirus have been reported amid which about four,300 individuals have succumbed to the virus. Wall Road shares plunged on Wednesday, with the Dow confirming a bear current market for the initially time because the economical disaster. 
The Indian headline indices-Sensex and Nifty have been equally down about 5 per cent. The S&P BSE Sensex was down 1,795 factors, or 5.03 per cent, at 33,900 degrees, its cheapest amount in 17 months. Tata Steel, ONGC, State Bank of India (SBI) have been all down about eight per cent. Index-heavyweight Reliance Industries erased its yesterday” gains and tumbled about 7 per cent.

The Nifty50 index opened below the essential mark of ten,000 for the initially time since March 26, 2018 and was buying and selling around 9,925 amount, down 532 factors, or 5.09 per cent. It 

Nifty50 formally entered in to bear current market, falling about 20 per cent from the latest high

All the Nifty sectoral indices have been painted crimson with Nifty PSU Bank, Nifty Metal, and Nifty Realty indexes down about 7 per cent each individual.

In the broader current market, the S&P BSE MidCap index slumped 670 factors, or 5 per cent, and the S&P BSE SmallCap was down 670 factors, or 5.3 per cent.

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