For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Sensex Slumps As Asia Falls On Worries Of Second Wave Of Covid-19

|

Asian markets were trading lower and Dow Futures too were lower, after worries over a second round of covid-19 infections.

According to reports Wuhan reported five new confirmed Covid-19 infections on Monday, casting doubts over the complete abatement of Covid 19 cases in the city. Wuhan was where the pandemic is believed to have originated.

Sensex Slumps As Asia Falls On Worries Of Second Wave Of Covid-19
 

The Sensex was trading with losses of 405 points, while the Nifty fell 105 points in trade, as investors sold stocks on the fears of a second wave. Sentiments were also dampened after reports that Covid-19 infections in India had crossed the 70,000 mark.

Bandhan Bank shares were trading lower ahead of its quarterly numbers to be announced later today. Shares in Indian Oil gained ground after the company stated that it plans to scale up refinery operations to 80 percent of design capacity by the end of the month.

Shares in Godrej Agrovet saw a jump of 2 per cent in its shares even as net profits fell to Rs 74.58 crores versus Rs 113.69 crores. Auto stocks, which had seen a solid rally on Monday, were trading flat. Century Plywood Company saw its shares falle even after the company said it partially resumed operations at some manufacturing locations, warehouses, and offices.

Meanwhile, most Asian markets were trading with losses of near 1 per cent.

Read more about: sensex
Story first published: Tuesday, May 12, 2020, 9:28 [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