Sensex further falls, down 700 pts; broader indices outperform
Published On: Wednesday, April 1, 2020 | By: Team KnowMyStock
Today,1st April the Indian equity markets slid lower, in tune with Asian Markets, in the first trading session of FY21. The S&P BSE Sensex was down 702 points, or 2.4 percent, at 28,750 levels, and the Nifty50 index slipped 210 points, or 2.5 percent, to 8,380 levels. Kotak Mahindra Bank (down 8 percent) was the top drag on the Sensex while State Bank of India (down 4 percent) and HDFC Bank (down 3 percent) were the other major losers. On the other hand, IndusInd Bank jumped as much as 9 percent intraday. Among sectors, the Nifty Bank index slipped over 3 percent. The broader market, on the other hand, relatively outperformed. The S&P BSE MidCap index was down 0.6 percent and the S&P BSE SmallCap index was flat.
Global Markets
Asian shares faced another leg lower today. Japan’s Nikkei fell 1.86% in early trade, while E-Mini futures for the S&P 500 traded 1% lower. MSCI’s broadest index of Asia-Pacific shares outside Japan, however, gained 0.35%.
In the USA, the Dow Jones fell 1.84%, the S&P 500 lost 1.60 %, and the Nasdaq Composite dropped 0.95%.
Tags: Endian equity market
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