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Sensex Closed 143 Points Lower On Weak Global Cues

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Sensex Closed 143 Points Lower On Weak Global Cues
PTI - 10 July 2020

Mumbai, July 10: Equity benchmark BSE Sensex Friday dropped 143 points dragged by losses in financial stocks and negative cues from Asian peers.

The 30-share index ended 143.36 points, or 0.39 per cent, lower at 36,594.33. The NSE Nifty shed 45.40 points, or 0.42 per cent, to close at 10,768.05 level.

Shares of Axis Bank closed three per cent lower as the top loser in the Sensex pack, followed by IndusInd Bank, Titan, HDFC, ICICI Bank, ONGC and HDFC Bank. Reliance Industries, Sun Pharma, HUL, Bharti Airtel and TCS were among the gainers.

According to traders, domestic benchmarks followed the negative trend in other Asian equities as concerns over a fresh spike in COVID-19 cases, and its impact on economic recovery, weighed on investor sentiment.

The number of cases across the world linked to the disease has crossed 1.22 crore and the death toll has topped 5.54 lakh. In India, the number of infections has spiked to 7.93 lakh, with 21,604 fatalities.

Meanwhile, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended with significant losses, while stock exchanges in Europe started on a positive note.

Further, international oil benchmark Brent crude futures slipped 2.08 per cent to US dollar 41.47 per barrel.

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