MARKET UPDATE:Sensex tanks 450 pts, Nifty below 11,400


Published On: Friday, September 4, 2020 | By:

MARKET UPDATE:Sensex tanks 450 pts, Nifty below 11,400

The equity markets in India today(4th September 2020), in tune with the overnight plunge in the US markets, were trading over one percent lower amid across-the-board selling. The S&P BSE Sensex dipped 456 points, or 1.17 percent, to 38,560 levels and the Nifty50 index gave up the psychological level of 11,400. ICICI Bank, State Bank of India, and IndusInd Bank, all cracked 2 percent each and were the top Sensex losers. All 30 constituents of Sensex were trading in the red. All the Nifty sectoral indices were painted red, led by the Nifty Bank index which fell 2.5 percent. The broader markets mirrored the losses in the benchmarks, with both the S&P BSE MidCap and SmallCap indexes trading with nearly one and a half percent cut. Sixty-eight companies including Nalco, Future Retail, and Jubilant Life Sciences, are scheduled to announce their June quarter earnings today.

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