Sensex falls more than 200 points, Nifty dips to 11,600
Mumbai: In the afternoon trade, domestic benchmark indices dipped to the lowest point with Sensex falling more than 200 points and Nifty touching 11,600.
The markets surged in the early trade, after a setback amid volatile trade for a short while.
Sensex had risen by 128.09 points to touch 39,426.47 while the broader NSE had climbed 52.5 points to reach 11,714.35.
On the Nifty 50, as many as 40 stocks made gains in the afternoon trade with Yes Bank, ICICI Bank, Grasim Industries, Hero MotoCorp and Titan taking the lead.
Sensex also reflected a similar picture with Yes Bank, ICICI Bank and Hero MotoCorp occupying the top three positions followed by ITC and Sun Pharma.
All sector gauges made gains on National Stock Exchange except IT, which had shown god performance earlier.
The notable decline recorded on the stock markets was that of Infosys, which fell 14% after a whistleblower complained of unethical practices in the company.
Asian markets traded cautiously and made slight gains amid hopes of a positive outcome from the US-China trade deal.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
