The BSE Sensex tanked 2002.27 points or 5.94 % to 31,715.35 whereas the NSE Nifty crashed 566.40 points or 5.74 % to 9,293.50.
The massacre out there have been impacted by the spherical three of the nation-wide lockdown to include the COVID-19 Pandemic. India has been on lockdown since May 24 to struggle the COVID-19 pandemic. The authorities final week prolonged the nationwide lockdown until May 17.
Auto and monetary stocks have been the worst hit in at present’s market crash. Several vehicle main reported zero gross sales for the month of April owing to lockdown.
Other than Bharti Airtel and Sun Pharma, all the opposite stocks within the Sensex pack ended within the crimson. Major Laggards have been ICICI Bank, Bajaj Finance, HDFC, IndusInd Bank, Axis Bank, Maruti, Tata Steel, Titan, Tech Mahindra, HDFC Bank, Heromoto Corp, Bajaj Auto, falling upto 10.96 %.