Friday, May 29, 2020 | Last Update : 07:12 PM IST

66th Day Of Lockdown

Maharashtra59546186161982 Tamil Nadu1937210548148 Delhi162817495316 Gujarat155728003960 Rajasthan80674815180 Madhya Pradesh74534050321 Uttar Pradesh71704215197 West Bengal45361668295 Andhra Pradesh3245213359 Bihar3185105015 Karnataka253381847 Telangana2256134567 Punjab2158194640 Jammu and Kashmir203685927 Odisha16608877 Haryana150488119 Kerala10895558 Assam8801044 Uttarakhand493794 Jharkhand4621914 Chandigarh3641894 Chhatisgarh364830 Tripura2421650 Himachal Pradesh223634 Goa68370 Puducherry49170 Meghalaya20121 Nagaland1800 Manipur540 Arunachal Pradesh210 Mizoram110 Sikkim100

Sensex, Nifty 50 lose momentum; Sensex dips by 130 points, Nifty below 8700

ANI
Published : Mar 27, 2020, 4:56 pm IST
Updated : Mar 29, 2020, 9:57 am IST

Rising probability that large parts of the global economy will slip into recession due to the outbreak

 BSE tower. (Photo- PTI)
  BSE tower. (Photo- PTI)

Mumbai: Equity benchmark indices dithered in volatile trade on Friday as the Reserve Bank of India (RBI) reduced key repo rate by 75 basis points in line with central banks around the world to limit the economic slowdown amid rising coronavirus (covid-19).

The RBI unleashed an array of measures but also said that there is a rising probability that large parts of the global economy will slip into recession due to the outbreak.

The BSE S&P Sensex closed 131 points or 0.44 per cent lower at 29,816 but the Nifty 50 edged higher by 19 points or 0.22 per cent to 8,660.

Sectoral indices at the National Stock Exchange were mixed and largely flat with Nifty auto down by 2.4 per cent and realty by 0.4 per cent. Nifty private bank, however, was up by 1.7 per cent and PSU bank by 0.3 per cent.

Among stocks, Bajaj Finance dipped by 7.9 per cent, Hero MotoCorp by 7.8 per cent and IndusInd Bank by 5.6 per cent.

IndusInd Bank reversed its morning upward glide and cracked by 5.6 per cent while metal majors Hindalco, Vedanta and Tata Steel lost by 3.2 per cent, 3 per cent and 2.9 per cent respectively.

The other prominent losers were HCL Technologies, GAIL and Bharti Airtel.
But Axis Bank gained by 6.2 per cent to Rs 362.50 per share. Coal India, Cipla and NTPC traded higher between 4 and 6 per cent.

The US House of Representatives is expected to pass a two trillion dollars stimulus package later on Friday that will inject the world's largest economy with money to stem the damage caused by the pandemic.

Tags: benchmark sensex, sensex, broader nifty, stock markets, indian stock market, stock exchanges
Location: India, Maharashtra, Mumbai (Bombay)
ADVERTISEMENT
ADVERTISEMENT