Sensex tanks 500 points, Nifty slips below 9,200; private banks drag

MUMBAI: The S&P benchmark BSE Sensex tanked almost 500 factors, whereas Nifty slipped below 9,200-mark because the Indian fairness markets opened on Friday. Indian fairness markets tracked weak world cues and slipped over one per cent, dragged by private banks and financials.

Among particular person shares, ICICI Bank and Bajaj Finance (each down 4%) have been the highest laggards whereas HDFC twins have been additionally down 2 per cent every.

At the index degree, the S&P BSE Sensex was down 505 factors, or 1.6 per cent, at 31,360 ranges and the Nifty50 hovered round 9,200. 

All the Nifty sectoral indices have been within the purple, led by Nifty Private Bank and Nifty Financial indexes, each down three per cent every.

Equity benchmarks marched greater for the second day on Thursday, helped by IT and banking shares, as hopes of one other stimulus package deal from the federal government bolstered investor sentiment amid the coronavirus overhang.

The 30-share BSE Sensex surged 483.53 factors or 1.54 per cent to shut at 31,863.08, a six-week excessive.

The broader NSE Nifty superior 126.60 factors, or 1.38 per cent, to settle at 9,313.90.

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