Indices Pare Day's 1100 Gains To End Lower As 2 Coronavirus Cases Confirmed From India

Towards the end of the trading session, after 2 coronavirus cases were confirmed from India, one from New Delhi and the other from Telangana, benchmark indices shed their day's gains of almost 1100 points, with Sensex down 153 points at 38144 at the close, while Nifty was down 52.50 points at 11149.

Indices End In Red As 2 Coronavirus Cases Confirmed From India

"One positive case of COVID-19 has been detected in New Delhi, and one has been detected in Telangana. The person from Delhi has a travel history from Italy, while the one from Telangana has a travel history from Dubai. Further details of his travels are being ascertained," the government said in a statement. "Both the patients are stable and being closely monitored," it added.

Among the Nifty gainers were HCL Tech, Nestle ICICI Bank, Bharti Infratel, Eicher Motors while top losers in trade were Yes Bank, SBI, Tata Steel, GAIL and Hindalco.

In intra-day trade today, Indiabulls Housing Finance surged as much as 20% after the RBI affidavit in lieu of the PIL highlighted no violations of any nature or kind concerning the company.

The session started however on a strong note taking cues from global markets which recovered on hopes of central banking opting for measures that would stabilize the financial markets. And on the Sensex there was made a recovery of 1100 points as against earlier loss of 1400 points.

Meanwhile, rupee depreciated further to 72.38 per dollar shedding all morning gains.

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