Day: March 16, 2020

MARKET LIVE: Sensex tanks 1,700 pts; IndusInd Bk dips 14%, YES Bank up 50%

Indian benchmark indices have been buying and selling 5 per cent lessen, dragged down by bank stocks, on Monday as provide-off resumed just after a day’s halt.

The uncertainity relating to the influence of the coronavirus epidemic continued to keep trader sentiment in verify even nevertheless the US Federal Reserve reduce curiosity prices to in close proximity to-zero on Sunday in a different crisis move to enable shore up the US economy amid the rapidly escalating world-wide coronavirus pandemic. Study More

The S&P BSE Sensex was down one,713 factors, or 5.53 per cent, at 32,210 concentrations. Index-heavyweight HDFC slipped in excess of seven per cent just after top Friday’s rebound rally. State Bank of India was also down in excess of six per cent just after Friday’s 13 per cent up move. IndusInd Bank was down in excess of fourteen per cent.

Meanwhile, Sure Bank surged in excess of fifty

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