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MARKET LIVE: Sensex plunges 800 pts; metals, banks dip, pharma stocks gain
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SI Reporter |
Last Updated at April 21, 2020 11:25 IST
EVENT HIGHLIGHTS
(Photo: Kamlesh Pednekar)
Indian equity markets plunged on Tuesday, tracking global peers, after US oil prices slipped below $0 a barrel in overnight trade. Further, US President Donald Trump's announcement that he would sign an executive order to temporarily suspend immigration into US also impacted sentiment. Volatility index, India VIX, spiked 5 per cent.
Among headline indices, the S&P BSE Sensex slipped 878 points, or 2.73 per cent, to 30,780 levels and the Nifty50 index hovered around 9,000 levels. Tata Steel and IndusInd Bank (both down over 7%) were the top laggards in the Sensex pack. Besides, Infosys slipped 2 per cent post March quarter results while oil-related stocks like Reliance Industries (down 4%) were also under pressure.
Majority of the Nifty sectoral indices were in the red, led by Nifty Metal index, down 5.8 per cent. On the other hand, Nifty Pharma index gained, led by Aurobindo Pharma, up 10 per cent.
Among headline indices, the S&P BSE Sensex slipped 878 points, or 2.73 per cent, to 30,780 levels and the Nifty50 index hovered around 9,000 levels. Tata Steel and IndusInd Bank (both down over 7%) were the top laggards in the Sensex pack. Besides, Infosys slipped 2 per cent post March quarter results while oil-related stocks like Reliance Industries (down 4%) were also under pressure.
Majority of the Nifty sectoral indices were in the red, led by Nifty Metal index, down 5.8 per cent. On the other hand, Nifty Pharma index gained, led by Aurobindo Pharma, up 10 per cent.
RESULTS TODAY
Seven companies, including ACC and ICICI Prudential Life Insurance, are scheduled to report their March quarter earnings today.
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