For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Markets Trade Lower; Sensex Drops Below 28,000 Points

|

Benchmark indices opened the day lower in trade, even as most markets, including the Asian markets were trading in the red. A rise in cases of coronavirus, left investors worried with the possibility of a few quarters of weak corporate results.

The Sensex was trading with losses of 291 points, with the index at 27,974 points. The Nifty dropped 84 points in trade at 8,166 points.

Markets Trade Lower; Sensex Drops Below 28,000 Points
 

Among the losers in trade were IndusInd Bank, Kotak Mahindra Bank, Tata Motors, HDFC and BPCL. Among the Nifty stocks that gained ground were Cipla, Power Grid, ONGC, PowerGrid, HUL and GAIL.

Shares in ONGC rallied on the back of a strong jump in crude prices. Shares in Aurobindo Pharma dropped 10 per cent and was locked at the lower end of the circuit filter.

Meanwhile, the Indian rupee opened weak at 75.95 compared to Tuesday's close of 75.54 against the U.S. Dollar. It then went past the 76 per dollar mark and was last quoting at 76.06.

Read more about: sensex nifty share market
Story first published: Friday, April 3, 2020, 9:35 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more