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Sensex Closes At 37576, Nifty Ends Below 11000 On Yes Bank Crisis, Global Cues

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0979.55 -289.45 (-2.57%)Tracking global sell off with Dow Jones shedding as much as 4% in Thursday's session and the hit on Yes Bank with RBI taking over its board, it has been a Black Friday for Indian equities on March 6, 2020. Nonetheless, towards the later half, there was seen some revival, with Nifty ending the week lower by 2.57% or 290 points below 11000 mark at 10979, while Sensex was down by a staggering 894 points at 37576.62 points.

 

Sensex Closes At 37576, Nifty Ends Below 11000 On Yes Bank Crisis

Nifty PSU Bank at the early trading day was the worst hit shedding the biggest in a day of as much as 8%, with SBI leading the losses.

Broader indices have also been down with Mid and small cap index losing over 2% in trade today.

Despite, staggering losses, some of the Nifty gainers include Maruti Suzuki, Bajaj Auto and Gail.

Yes Bank that has been all in the news since March 5, 2020 shed almost 85% in trade today.

Metal stocks too were the biggest losers in trade today with Coal India, Tata Steel, Vedanta, JSW Steel been dragging the index.

Tata Motors also shed as much as 2% after Coronavirus hit company's sales in China.

Meanwhile, European and Asian markets have been trading with losses. Japan's Nikkei was last down as much as 2.77%, while Hang Seng was down 2.32%.

Also, rupee has recovered to some extent as in the day's early trade it breached levels of 74 per US dollar. At around 1:53 pm, the domestic currency traded at 73.57 per US dollar.

GoodReturns.in

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