Sensex crashed over 1500 pts

Sensex crashed over 1500 pts

Agency News

Mumbai, May 4 : The benchmark index of Bombay Stock Exchange nosedived by 1503 points to 32,214.42, in opening session, snapping a winning streak of the last four sessions on Monday, tracking weak global cues following a tension erupted between USChina. Even, extension of the nation-wide lockdown also weighed down the investor sentiment.

The Nifty of national stock exchange too eased by 413.45 points to 9446.45. The nifty registered intra-day high and low at 9,533.50 and 9,425.60 respectively. The Sensex registered intraday highs and lows at 32,748.14 and 32,214.42 points respectively. Shares of banks, metals, and automobile companies were the worst-hit in the fall between five to seven per cent.

Among individual stocks, Hindustan Unilever fell as much as four per cent after reporting the March quarter results while Reliance Industries was down by two per cent. Tata Steel and ICICI Bank (down by 8 per cent each) were the top losers. The losers were IndusInd Bank by 8.06 pc to Rs 430.30, ICICI Bank by 8.05 pc to Rs 349.30, Tata Steel by 8.01pc to Rs 274.55, Bajaj finance by 7.96 pc to Rs 2132.60 and Tech Mahindra by 507.75. Asian indices fell in thin early trade. Australia’s benchmark ASX 200 index fell 0.3 per cent while Hong Kong dropped over 3 per cent. South Korea's Kospi slipped over 1 per cent. Brent crude futures were down 3.4 per cent at USD 25.54 a barrel. (UNI)