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Markets End Lower, Nifty Drops Below 9,000 Points


It was a weakish session for the Indian markets, largely following global cues, which were mostly negative. Asian markets ended the day lower and Dow Futures also pointed to lower openings for the US markets. Investors also worried that the extension of the lockdown might impact industry and the economy, which dampened sentiments.

Markets End Lower, Nifty Drops Below 9,000 Points

The Sensex ended the day lower by 118 points, while the Nifty ended the day lower by 118 points at 8,993 points. Most of the heavyweights were largely responsible for toady's fall in the markets. Among these included the likes of HDFC, HDFC Bank, Reliance Industries and ICICI Bank.

Zee Entertainment was one of the biggest losers in trade. The stock ended the day 9 per cent lower.

SBI Cards had a bad day in trade and dropped to a 52-week low. The stock ended the day almost 15 per cent lower.

Bandhan Bank, which had fallen sharply in trade, managed to recover and ended the day flat, after it shared business details.

Larsen and Toubro was one of the biggest gainers from the Nifty space, with other winners being Hindalco and Adani Ports.

Meanwhile, the Indian rupee recovered from the lows and ended the flat at 76.27.

Indian markets would be closed on Tuesday, April 14.

Read more about: nifty stock market
Story first published: Monday, April 13, 2020, 15:41 [IST]
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