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Sensex tanks over 450 pts; Nifty below 12K
Market benchmark Sensex plummeted over 450 points in opening session on Monday tracking intense selloff in global equities amid rising concerns over Chinese coronavirus epidemic.
Mumbai: Market benchmark Sensex plummeted over 450 points in opening session on Monday tracking intense selloff in global equities amid rising concerns over Chinese coronavirus epidemic.
After sinking 497 points in opening session, the 30-share barometer was trading 410.12 points, or 1 per cent, lower at 40,760.Similarly, the NSE Nifty was trading down by 135.85 points, or 1.12 per cent, at 11,945.
Also Read: Sensex soars over 400 pts in early trade
In the previous session on Thursday, the Sensex settled 152.88 points, or 0.37 per cent, lower at 41,170.12, and Nifty slipped 45.05 points, or 0.37 per cent, to 12,080.85.
Financial markets remained closed on Friday on account of 'Mahashivratri'.
Meanwhile, on a net basis, foreign institutional investors bought equities worth Rs 1,495.25 crore, while domestic institutional investors sold shares worth Rs 699.62 crore on Thursday, data available with stock exchanges showed.
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Brent crude oil futures fell 2.52 per cent to USD 56.48 per barrel. The rupee depreciated 19 paise to 71.83 against the US dollar in morning session. On the domestic front, traders said investors are likely to take cues from US President Donald Trump's two-day visit to India. He will reach Ahmedabad later in the day.(PTI)