Sensex Tumbles Over 300 Points in Early Trade; Nifty Slips Below 11,150

Mumbai, Jul 24: Equity benchmark Sensex plunged over 300 pts in early trade on Friday tracking losses in financial stocks amid global equity selloff.

The 30-share BSE Sensex was trading 307.31 points, or 0.81 per cent, lower at 37,833.16.

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Similarly, the NSE Nifty declined 83.10 points, or 0.74 per cent, to 11,132.35.

HDFC was the top laggard in the Sensex pack, shedding around 2 per cent, followed by Axis Bank, Asian Paints, SBI, ICICI Bank, Kotak Bank, IndusInd Bank and HDFC Bank.

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On the other hand, Sun Pharma, Reliance Industries, Tech Mahindra and Infosys were among the gainers.

In the previous session, the BSE barometer finished 268.95 points, or 0.71 per cent, higher at 38,140.47, and the Nifty advanced 82.85 points, or 0.74 per cent, to close at 11,215.45.

Foreign institutional investors were net buyers in the capital market on Thursday, purchasing equities worth Rs 1,740.50 crore, provisional exchange data showed.

According to traders, domestic market turned weak as negative news flow from the US spurred concerns over global economic recovery.

The US got another dose of bad economic news on Thursday as the number of laid-off workers seeking jobless benefits rose last week for the first time since late March, intensifying concerns that the resurgent coronavirus is stalling or even reversing the economic recovery.

Bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading with significant losses. Stock exchanges on Wall Street too ended on a negative note in overnight session.

Meanwhile, international oil benchmark Brent crude futures fell 0.39 per cent to USD 43.48 per barrel. PTI ANS DRR DRR 07240956 NNNN go, plus rules keeping families away until at least the second round of the playoffs.

The hope is to significantly limit exposure to COVID-19 inside the bubble.

Even under normal circumstances, Holiday sees family time as a cherished respite. Life at Disney will clearly complicate that.

“This is one of the mental parts about it that guys have to adjust to, where someone like me, I go home and it's where I kind of relax,” Holiday said.

“I try my best not to bring my work home with me so I can hang out with my wife, my dog, and my daughter and I can do things like that. ... I think that's going to be a little bit of a challenge, especially after like seven to 10 days.”

Likewise, Beal said living in the bubble will hardly be “a walk in the park.”

“We can't just leave. We can't just order whatever food we want. We can't just do activities we want to do. We can't go to our teammates' rooms,” Beal said.

“You're restricted, and you can't do the things that you're normally used to doing.”

The Pelicans' mental health and wellness program is led by team psychologist Jenna Rosen, and New Orleans general manager David Griffin calls it “critical.”

“Let's not kid ourselves. This quarantine situation is going to be very difficult,” Griffin said. “We will work through mindfulness training with Jenna literally every day. ... It's going to be about who can keep themselves in the best frame of mind, quite frankly.”

Mental health has been a priority for the NBA and the NBPA, especially after players like Cleveland's Kevin Love and San Antonio's DeMar DeRozan opened up about their inner struggles. DeRozan knows it won't be easy at Disney.

“It's tough,” he said. “You're taking guys who've been with their families every single day for the last few months and all of a sudden separating everybody into this one confined space and taking away a lot of joyful things that we do outside of basketball.”

Milwaukee forward Giannis Antetokounmpo, who has played for Greece's national team, said being away for three weeks during international tournaments was challenging. This trip to Disney could last three months if the Bucks make the NBA Finals.

“Not being able to see your family, being there for three months, playing games with no fans, it's going to be mental,” Antetokounmpo said.

“You've got to push yourself through this.” Daniel Medina, the Wizards' chief of athletic care and performance, said some players are concerned that an interrupted season might make them more prone to injury, which could be career-altering to players with expiring contracts. Some have decided not to play, notably Indiana's Victor Oladipo.

Parham, who helped launch the NBPA's mental health program in 2018, expects many players to handle the resumption well. He noted that after three months of relative isolation at home, they'll be eager to satisfy their appetite for competition.

Still, the unprecedented nature of the bubble, born out of a pandemic blamed for about a half-million deaths worldwide, will present challenges. Another issue, Parham said, is how the restart coincides with the political and social upheaval spawned by the death of George Floyd, a Black man, while in police custody.

“Prior to COVID, and prior to these social justice demonstrations, there were sufficient daily distractions for people to not really even think about their stuff. They were just sort of on automatic pilot,” Parham said. “You know what they say: A person will never see their reflection in running water. It is only when the water is still that their reflected image begins to emerge.”

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)