Monday morning disaster: Sensex plummets 1,800 points, Nifty below 9,500

Published On: Monday, March 16, 2020 | By: Team KnowMyStock

Indian benchmark indices were trading over 5 percent lower today,16th March as sell-off resumed after a day's halt. The uncertainty regarding the effect of the coronavirus endemic continued to keep investors cautious. On Sunday, the US Federal Reserve cut interest rates to near-zero The S&P BSE Sensex was down 1,857 points, or 5.45 percent, at 32,340 levels. Index-heavyweight HDFC slipped over 7 percent after leading Friday's rebound rally. State Bank of India was also down over 6 percent after Friday's 13 percent up move. IndusInd Bank was down over 8 percent. In Asian market Stocks were slammed and the dollar battered after emergency rate cut in the United States. US stock futures plunged 4.8 percent to hit their down limit before daybreak in Singapore. Australia's benchmark stock index fell 7 percent in the first quarter-hour of the trade before paring some of the losses. Oil prices extended losses today, slumping by more than $1 a barrel, nearing $30 a barrel.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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