Nifty, Sensex Drop on Virus Worries; Reliance, YES Bank Slip
3 years, 7 months ago

Nifty, Sensex Drop on Virus Worries; Reliance, YES Bank Slip

News 18  

Indian shares started May on a weak footing amid growing calls, including from an industry body, to impose curbs at the national level to rein in the COVID-19 spread, with conglomerate Reliance Industries leading losses after missing profit estimates. The NSE Nifty 50 index fell 1.27% to 14,445.1 by 0346 GMT on Monday, while the benchmark S&P BSE Sensex dropped 1.35% to 48,123.2. A leading industry body on Sunday urged authorities to take the “strongest national steps” and to curtail economic activity to save lives, as the coronavirus continued to sweep the nation and overwhelm its healthcare systems. Benchmark Nifty 50 components Kotak Mahindra Bank and SBI Life Insurance are due to report results on Monday.

History of this topic

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