Sensex Plummets 812 Pts On Global Sell-off

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Sensex Plummets 812 Pts On Global Sell-off
PTI - 21 September 2020

Mumbai, Sep 21: Domestic equity benchmark Sensex Monday plunged 812 points, led by losses in Reliance Industries, ICICI Bank and Bharti Airtel amid a massive global sell-off.

The 30-share BSE index ended 811.68 points or 2.09 per cent lower at 38,034.14. The NSE Nifty tumbled 254.40 points or 2.21 per cent to finish at 11,250.55 level.

IndusInd Bank was the top loser in the Sensex pack, tanking over eight per cent, followed by Bharti Airtel, Tata Steel, ICICI Bank, M&M, Maruti, Axis Bank and ONGC.

On the other hand, Kotak Bank, Infosys and TCS were the gainers.

According to traders, domestic equities followed the sudden selloff in global benchmarks amid concerns over rising COVID-19 cases in Europe.

Meanwhile, bourses in Shanghai, Hong Kong and Seoul ended significantly lower. Stock exchanges in Europe witnessed heavy sell-off in opening trade, declining up to three per cent.

Meanwhile, global oil benchmark Brent crude was trading 2.04 per cent lower at US dollar 42.27 per barrel. In the forex market, the rupee strengthened 7 paise and closed at 73.38 against the US dollar.

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