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MARKET LIVE: Sensex tumbles 400 points, Nifty below 9,300; Infosys falls 5%
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MARKET LIVE | Markets | Nirmal Sitharaman
SI Reporter |
Last Updated at May 14, 2020 09:42 IST
EVENT HIGHLIGHTS
Indian markets declined over 1 per cent on Thursday, tracking weakness in global markets after Federal Reserve Chairman Jerome Powell warned of extended economic weakness due to the coronavirus pandemic.
The S&P BSE Sensex was down 480 points, or 1.5 per cent, to 31,500 levels and the Nifty50 index slid below 9,300. Infosys, Tech Mahindra, and Mahindra & Mahindra (all down 3%) were the top Sensex laggards.
The Nifty sectoral trend was largely negative, led by Nifty IT index, down over 2 per cent.
In comparison, the broader indices fared better. The BSE MidCap index gained 0.3 per cent while the SmallCap index was trading 0.2 per cent lower.
The S&P BSE Sensex was down 480 points, or 1.5 per cent, to 31,500 levels and the Nifty50 index slid below 9,300. Infosys, Tech Mahindra, and Mahindra & Mahindra (all down 3%) were the top Sensex laggards.
The Nifty sectoral trend was largely negative, led by Nifty IT index, down over 2 per cent.
In comparison, the broader indices fared better. The BSE MidCap index gained 0.3 per cent while the SmallCap index was trading 0.2 per cent lower.
RESULTS TODAY
A total of 18 companies including Biocon, Escorts, and Manappuram Finance are scheduled to announce their results today.
A total of 18 companies including Biocon, Escorts, and Manappuram Finance are scheduled to announce their results today.
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