Closing Bell: Sensex Tanks 1,203 Points, Nifty Falls Below 8,300

The Indian stock market on Wednesday ended on a negative note amid an unsettling spike in coronavirus (COVID-19) cases. The equity benchmark BSE Sensex plummeted 1,203.18 points or 4.08 per cent to finish at 28,265.31. Likewise, the NSE Nifty dipped 343.95 points, or 4 per cent, to close at 8,253.80.

According to a PTI report, top gainers in the Sensex pack were Hero MotoCorp, Bajaj Auto, Bajaj Finance, and Titan. On the other hand, top laggards were Kotak Bank, Axis Bank, TCS, Infosys, and HUL. 

Globally, bourses in Hong Kong, Tokyo, Seoul and Shanghai dipped up to 4 per cent. Benchmarks in Europe were also trading with significant losses. In the meantime, Brent crude futures, the global oil benchmark, tanked 5.20 per cent to USD 24.98 per barrel.

Also Read: Wipro, Azim Premji Foundation Commit Rs 1,125 Crore To Fight Coronavirus Pandemic

It is to be noted that today morning, the stock market opened on a weak note due to weakness in global peers. In the previous session i.e. on Tuesday, the Sensex closed the financial year 2019-20 higher by 1,028.17 points or 3.62 per cent at 29,468.49. The Nifty rose 316.65 points, or 3.82 per cent, to close at 8,597.75.

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