Sensex Tanks 667 Points to End at 36,939, Nifty Goes Below 10,900 Dragged by Weakness in Bank & Energy Stocks
The Indian markets started the first day of the month on a weak note. The Sensex tanked 667 points or 1.77 percent to end at 36,939 and the Nifty was down 181 points or 1.64 percent at 10,891.
Mumbai, August 3: The Indian markets started the first day of the month on a weak note. The Sensex tanked 667 points or 1.77 percent to end at 36,939 and the Nifty was down 181 points or 1.64 percent at 10,891. The Indian markets slumped amid weakness in banking and energy stocks
Among sectors, except metal other indices, ended in the red. UPL, IndusInd Bank, HDFC Life, Kotak Mahindra Bank and IOC were among the major losers on the Nifty, while gainers were Tata Motors, Titan Company, Tata Steel, BPCL and Eicher Motors. India’s COVID-19 Tally Crosses 18 Lakh Mark With 52,972 New Cases in Past 24 Hours, Death Toll Mounts to 38,135.
India recorded a single-day spike of 52,972 positive cases & 771 deaths in India in the past 24 hours.India's COVID-19 tally increased to 18,03,696 including 5,79,357 active cases. The death toll has also mounted to 38,135, according to Health Ministry numbers.
Asian shares and the dollar made a cautious start to the new month on Monday as U.S. lawmakers struggled to hammer out a new stimulus plan and a global surge of new coronavirus cases showed no sign of reducing. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2 per cent, though that was from a six-month top, according to a Reuters report.
(The above story first appeared on LatestLY on Aug 03, 2020 03:50 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).