Sensex falls by 1,700 points to three-year low, Nifty below 8,500
Deccan ChronicleMumbai: The sell-off on Dalal Street continued in Wednesday's session as traders worried over rising coronavirus cases and tough stance by the Supreme Court on AGR dues of telecom operators. The BSE S&P Sensex closed 1,710 points or 5.59 per cent lower at 28,870 while the Nifty 50 fell by 498 points or 5.56 per cent to 8,469. Vodafone Idea dropped by 34.85 per cent to Rs 3.16 per share, Bharti Airtel by 6.14 per cent and Tata Teleservices by 4.17 per cent. IndusInd Bank plunged by 24.58 per cent to Rs 455.65 per share while Kotak Mahindra Bank closed 11.23 per cent lower and HDFC Bank slipped by 7.66 per cent. In Japan, the Nikkei lost by 1.68 per cent, Shanghai Composite by 1.83 per cent, Hong Kong's Hang Seng by 4.55 per cent and South Korea's Kospi by 4.86 per cent.