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Sensex Corrects Over 750 Points; Nifty Falls below 8,400-Mark
Wed, 1 Apr 10:30 am

Share markets in India have extended early losses tracking weakness in global peers, amid heightened worries of COVID-19 virus outbreak.

The BSE Sensex is trading down by 769 points, down 2.6%, while the NSE Nifty is trading down by 216 points.

Shares of Kotak Mahindra Bank plunged over 9%, while Tech Mahindra, Infosys, and Reliance Industries fell over 3%.

Except realty and auto stocks, all sectoral indices are trading in red with stocks in the banking sector, IT sector, and energy sector witnessing most of the selling pressure.

Global stock markets traded in red today, as investors' sentiments turned risk averse amid the rising cases of COVID-19 and tightened lockdowns across the world to combat the virus spread.

Equities elsewhere in Asia posted their biggest quarterly decline in more than a decade and crude oil prices continued to trade near lows last seen in 2002.

Here's some data from Apurva Sheth, editor of Breakout Profits...

Worst Quarter Ever for Sensex

Here's what Apurva wrote about the same...

  • Sensex ended first quarter of calendar year 2020 today at 29,468 down by 28.6%. This is the worst quarterly performance for the Sensex since 1992. The June quarter of 1992 ended with a cut of 28.1%. In 2008, the December quarter ended with a drop of 25%.

    We have broken all the past records and are living in an unprecedented environment. A lot could change in our lives once the crisis is over including the way you invest. Are you prepared for it?

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More details to follow in the upcoming commentary.

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