MARKET WRAP: Sensex slips 1,189 pts from day's high; financials, autos fall

After starting on a promising note, the benchmark indices slipped into the negative territory and ended with around a per cent loss on Wednesday as worries over economic downturn due to the extension of the nationwide lockdown weighed on the investor sentiment. Additionally, IMF's statement on Tuesday that the global economy faces the worst recession since the Great Depression in the 1930s due to the raging coronavirus pandemic also dented the investor confidence.  

The S&P BSE Sensex slipped 310 points or 1 per cent to settle at 30,380 levels. The index hit a high of 31,568.36 levels during the day. 

HDFC Bank, Reliance Industries (RIL), HDFC, and Bajaj Finance contributed the most to the index's fall. On the contrary, FMCG bellwether Hindustan Unilever (HUL) ended as the top gainer - up 6 per cent. 

On the NSE, the frontline index Nifty shed 68.55 points or 0.76 per cent to 8,925.30 levels. 

Global Markets 

After starting on a promising note, the benchmark indices slipped into the negative territory and ended with around a per cent loss on Wednesday as worries over economic downturn due to the extension of the nationwide lockdown weighed on the investor sentiment. Additionally, IMF's statement on Tuesday that the global economy faces the worst recession since the Great Depression in the 1930s due to the raging coronavirus pandemic also dented the investor confidence.  

The S&P BSE Sensex slipped 310 points or 1 per cent to settle at 30,380 levels. The index hit a high of 31,568.36 levels during the day. 
 

HDFC Bank, Reliance Industries (RIL), HDFC, and Bajaj Finance contributed the most to the index's fall. On the contrary, FMCG bellwether Hindustan Unilever (HUL) ended as the top gainer - up 6 per cent. 

On the NSE, the frontline index Nifty shed 68.55 points or 0.76 per cent to 8,925.30 levels.   

(With inputs from Reuters)