Indian Market: Sensex crashes 1,212 pts
Mumbai/UNI: The benchmark index of Bombay Stock Exchange (BSE) sensex on Friday tanked by 1,212 points at 37,258 in opening trade following sell-off in global markets, as fear of the spread of the coronavirus and its economic impact gripped investors.
Another reason was, as the Reserve Bank of India on Thursday superseded the board of YES Bank, imposing a 30-day moratorium on it 'in the absence of a credible revival plan' .
The Nifty of National Stock Exchange (NSE) too dropped 371 points at 10,897.45.
The Sensex registered intra-day high and low at 37,613.96 and 37,011.09 points respectively.
The Nifty recorded day intra-day high and low at 10,981.90 and 10,827 points respectively.
The sectoral indices like Materials, Consumer Durable, Realty, FMCG, Finance and Bankex stocks dragged the market up in early trade.
In scrips, major losers were IndusInd Bank by 7.88 pc to Rs 990 followed by SBI by 6.56 pc to Rs 269.40, Tata Steel by 6.42 pc to Rs 351.55, Bajaj Finance by 4.92 pc to Rs 4122.25 and ICICI Bank by 4.39 pc to Rs 482.60.
In the broader market, the S&P BSE MidCap index crashed 490 points, or 3.36 per cent, and the S&P BSE SmallCap index was down 380 points, or 2.8 per cent.
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