Equity market came under heavy selling pressure again: Sensex slips 214 pts, Nifty ends at 11,251


Published On: Wednesday, March 4, 2020 | By:

Equity market  came under heavy selling pressure again: Sensex slips 214 pts, Nifty ends at 11,251

The equity market once again came under heavy selling pressure on 4th March. Benchmark indices tumbled around 2 percent during the day; however, they witnessed sharp recovery towards the end of the session, but still ended in the negative. The S&P BSE Sensex settled at 38,409, down 214 points or 0.55 percent. Of 30 stocks, 13 advanced while 17 declined.NSE's Nifty50 ended above 11,200 level at 11,251, down 52 points or 0.46 percent. 28 out of 50 stocks ended in the red and rest 22 in the green. Market breadth remained in favour of sellers as out of 2,534 companies traded on the BSE, 1,706 declined and 696 gained while 132 remained unchanged. Asian shares struggled to find their footing and bonds held stunning gains, as an emergency rate cut from the US Federal Reserve seemed to stoke rather than soothe fears over the coronavirus’s widening global economic fallout. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2 percent.

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