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Indian shares slid on Monday as Asia's third-biggest economy looked set to extend a lockdown to contain the spread of the coronavirus, while a rise in oil prices also weighed on sentiment.
After hitting a low of 27,500.79 during the day, the 30-share BSE barometer ended 674.36 points or 2.39 per cent lower at 27,590.95.
Reversing the previous session's gains, the 30-share BSE barometer Sensex slumped 1,203.18 points or 4.08 per cent to finish at 28,265.31.
It cut the repo rate by 75 basis points to 4.40%, in line with expectations.
At around 9.20 a.m., Sensex was trading at 27,804.58 points, lower by 2,111.38 points or 7.06 per cent from the previous close of 29,915.96.
Equity benchmark Sensex plummeted over 2,100 points and the Nifty gave up the 7,900 level in the opening session on Thursday as global gloom over the COVID-19 pandemic continued to hammer equities.
The Nifty slipped below 8,500 to hit a fresh 3-year low but pared some losses to close 5.5% lower at 8,468.80. The benchmark Sensex tumbled 5.59% to 28,869.
The fall in the domestic indices was in line with the decline in Asian markets.
The indexes swung wildly after trading resumed at 0450 GMT following a 45-minute halt, before staging the third biggest intra-day recovery in Indian market history with a 16.36 per cent surge from the day's low.
The stock exchanges on Friday halted trading for 45 minutes as Sensex, Nifty hit lower circuit limits.