Sensex Nosedives 2,000 Points to Close at 31,715, Nifty at 9,293 Tracking Weak Global Cues As US-China Tensions Flare Up
Sensex opened in the red tracking weak sentiments in the global markets, and the investor sentiments were further dampened with the extension of the lockdown in India.
Mumbai, May 4: Sensex continued to trade in the red on Monday tracking weak sentiments in the global markets, and the investor sentiments were further dampened with the extension of the lockdown in India. Sensex ended the day by slumping 2,000 points to 31,715. On the other hand, NSE, Nifty50 index ended at 9,293.50, down 566.40 points or 5.74 per cent. The U.S.-China tensions escalated over blame for the possible origin of the coronavirus pandemic. The rupee had tanked 64 paise to 75.73 against US dollar in early trade on Monday.
Talking about the Asian markets, China, Japan and Thailand markets are closed today due to holiday. Australia’s benchmark ASX 200 index fell 0.3 per cent while Hong Kong dropped over 3 per cent. South Korea's Kospi slipped over 1 per cent. Brent crude futures were down 3.4 per cent at $25.54 a barrel at 7 AM. India's COVID-19 Count Rises to 42,533 With 2,553 New Cases in Past 24 Hours, Death Toll Jumps to 1,373.
(The above story first appeared on LatestLY on May 04, 2020 04:16 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).