Indian Market:Â Sensex nosedives 1,203.18 pts
Mumbai/UNI: The BSE index on Wednesday crashed 1,203.18 points, 4.08 per cent to settle at 28,265.31 on negative global markets amid heavy selling in bankex, finance And FMCG stocks.
The Nifty too slipped 343.95 points To 8,253.80. The Nifty recorded intra-day's high and low at 8588.10 and 8198.35 points respectively.
Gaining 1028 pts on Tuesday, though the sensex opened high 37 pts to 29,505, it immediately went in red. During the day, it lost nearly 1395 points to 28,073.43 before closing at 28,265.31, down by 1203.18 points from its last close.
The sectoral indices IT, bankex, telecom, Finance and FMCG dragged the sensex.
In scripts Tech Mahindra was worst hit which fell 9.21 per cent to Rs 512.90, Kotak Bank by 8.81 per cent to Rs 1182.10, TSC by 6.23 per cent to Rs 1709.55.
Mid cap fell by 2.18 per cent and small cap by 1.06 per cent. Increasing corona virus cases along with concern over growths due to large scale shut down of business worried investors on dalal street.
Multiple research agencies have projected a sharp cut in Indian growth rate also impacted on the market today.
Of 30 script, 26 declined while 4 advanced. There will be no trading on Thursday on account of 'Ram Navmi'.
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