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Sensex, Nifty opens on volatile note amid global selloff
Market benchmarks Sensex and Nifty opened on a volatile note on Monday tracking tepid cues from global markets amid concerns over the impact of coronavirus epidemic on world economy.
Mumbai: Market benchmarks Sensex and Nifty opened on a volatile note on Monday tracking tepid cues from global markets amid concerns over the impact of coronavirus epidemic on world economy.
After opening over 150 points higher, the 30-share index pared all gains, trading 34.62 points, or 0.09 per cent, lower at 40,328.61.
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Similarly, the NSE Nifty was trading down by 17.15 points, or 0.14 per cent, at 11,812.25.
In the previous session, the Sensex settled at 40,363.23, dropping 806.89 points or 1.96 per cent -- the second biggest one-day fall in 2020, while the broader NSE Nifty sank 251.45 points or 2.08 per cent to 11,829.40. Stock exchanges in Shanghai, Hong Kong and Tokyo were trading with heavy losses, while bourses in Seoul turned positive after Monday's selloff.
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The rupee appreciated 10paise to 71.85 against the US dollar in morning session.(PTI)