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Sensex, Nifty Fall, Pharma and IT Stock rise

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The Sensex, Nifty tumbled again taking signals from the new updates on Corona Virus spread.

At close, the 30-share Sensex closed 214 points lower at 38409, while the NSE Nifty dropped 52 points to close at 11,251.

Sensex climbed at its 38,791 intraday high and made a low level at 37,846 and whereby falling by neat 945-pts on intra-day basis.

Pharma and IT stocks were seen some buying. The NSE Nifty Pharma index has risen near 2 percent, & IT index rose by 0.87 percent.

Nifty stocks that gained in today’s trade were Cipla-up by 4.83-pc, Dr.Reddys-up by 4.14-pc, SunPharma-up by 2.78-pc, and PowerGrid & Gail India- up by 2.43-pc each.

Conversely, the Nifty stocks that slipped for the day are Yes Bank, Eicher Motors, Bajaj Finance, ITC and Tata Motors,

Pharma stocks closed the day with fair gains led by Cipla, Dr Reddy-Lab and Sun Pharma. Avail the Free Sock Trading Tips  and the  best stocks tips for tomorrows trading session from here.

Banking and financial stocks such as HDFC Bank, Kotak Bank, ICICI Bank, State bank of India, Bajaj Finance, IndusInd Bank and Axis Bank contributed major negativity to the Sensex

Over 300 stocks fell to their one lows which include SpiceJet, HCL Infosystems and Dalmia Bharat.