Sensex Tanks 561 Points to End at 34,868, Nifty Slips to 10,305 as Indian Stock Markets Snap 4-Days Winning Streak

Mumbai, June 24: The Indian stock market opened in the green echoing positive cues from the global markets. The markets were volatile till the noon session, however, started slipping deeper into the red after 1 pm on Wednesday. The Sensex tanked 561 points to end at 34,868 points. Nifty, on the other hand, slipped to 10,305. The Indian stock markets today snapped the 4-day winning streak. India Reports Highest Single-Day Spike of 15,968 COVID-19 Cases, 465 Deaths in Past 24 Hours, Coronavirus Tally Crosses 4.5 Lakh Mark.

India reported 465 deaths and the highest single-day spike of 15,968 new COVID-19 positive cases reported in India in the past 24 hours. The positive cases in India increased to 4,56,183 including 1.83,022 active cases. The death toll has jumped to 14,476 deaths, according to the Ministry of Health and Family Welfare on Wednesday

Talking about the global markets, the Dow Jones Industrial Average rose 131 points to 26,156.1, the S&P 500 gained 13 points, to 3,131. The Nasdaq Composite added 74 points to 10,131.

The Asian shares touched a four-month high on Wednesday as investors remained optimistic on the outlook for a re-opening of the global economy even as COVID-19 cases continued to increase. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.39 percent to reach its highest since early March.

(The above story first appeared on LatestLY on Jun 24, 2020 04:22 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).