Key benchmark indices represented the markets – the Sensex Nifty – slipped over 4.7 percent each on Monday morning session after the Federal Reserve’s rate slash cooled concerns over the effect of Covid19 on the world economy.
The rupee also slipped 41-ps to 74.16 against the Greenback in the morning session.
At at 10.50-am, the Sensex was trading 1,551-points lower at 32,551, while the NSE Nifty was slipped 452-pts at 9,529.40. the Nifty Midcap/Smallcap also lower more or less 5 percent each.
Currently, Yes Bank, SunPharma, Bharat Petroleum Corp, Bajaj Auto, and TCS were top Nifty gainers, while IndusInd-Bank, AdaniPorts, ICICI-Bank, HDFC & BajajFinance were among top losers. Get the updated best Stock to buy tips and all best stocks tips from here.
All sectors were also trading negative with the Nifty Realty, Bank, Nifty Private Bank, Nifty financial slipped the most, down by near 4.70 percent each.
Among Stocks, YES Bank advanced near 50 percent to quote share price at Rs38.20 29 percent after the cabinet sanctioned its restructuring plan to help the Bank.