Sensex slumps 536 pts; financial stocks lead fall
4 years, 8 months ago

Sensex slumps 536 pts; financial stocks lead fall

India TV News  

Equity benchmark Sensex tumbled 536 points on Friday, led by a selloff in financial and IT stocks as global markets slumped on mounting economic pressure of coronavirus-led lockdowns with no respite in sight. Further, in a blow to domestic market sentiment, Franklin Templeton Mutual Fund announced winding up of six debt schemes due to redemption pressure and lack of liquidity in bond markets amid the COVID-19 crisis. The 30-share BSE Sensex settled 535.86 points or 1.68 per cent down at 31,327.22, while the NSE Nifty declined 159.50 points, or 1.71 per cent, to 9,154.40. Global oil benchmark Brent crude futures slipped 0.38 per cent to USD 21.25 per barrel.

History of this topic

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