Impending budget, Coronavirus pare Sensex

January 27, 2020 10:03

Market benchmark Sensex tumbled over 250 points in opening session on Monday tracking losses in index-heavyweights HDFC duo, Kotak Bank and Reliance Industries amid weak global cues. The 30-share BSE index was trading 240.72 points or 0.58 per cent lower at 41,372.47.

Similarly, the broader NSE was trading 76.70 points, or 0.63 per cent, down at 12,171.55. Top losers in the Sensex pack included Tata Steel, Kotak Bank, HDFC twins, Hero Motocorp, SBI and Tech Mahindra. On the other hand, UltraTech Cement, ICICI Bank, M&M, Titan and NTPC were trading on a positive note.

According to analysts, global investors increasingly turned nervous as fears over the global economic impact of the deadly China virus extended last week's selloff. On the domestic front, analysts expect the cautious trend to continue in the near-term since a lot has been factored in the market about budget wish list and expectation of revival in earnings growth, but the actual Q3 results have been below par.

« Back to LIVE

TOP STORIES

Household savings dip over Rs 9 lakh cr in 3 years

Net household savings declined sharply by Rs 9 lakh crore to Rs 14.16 lakh crore in three years to 2022-23, according to the latest National Account Statistics 2024 of the Ministry of Statistics and Programme Implementation. The net...

NSE, BSE to conduct special trading session on May 18

The National Stock Exchange (NSE) and BSE on Tuesday said they will conduct a special trading session in the equity and equity derivative segments on May 18 to check their preparedness for handling major disruptions or failure at the...

After pulling up Patanjali, SC raps IMA chief on knuckles

Expressing displeasure over Asokan's comments a day before the top court was slated to hear the matter, a bench of Justices Hima Kohli and Ahsanuddin Amanullah sought his response on an application filed by Patanjali Ayurved Ltd.

IPL PIX: Fraser-McGurk, Porel, Stubbs punish Royals!

Images from the IPL 2024 match between Delhi Capitals and Rajasthan Royals.

BJP govt in Haryana reduced to minority as 3 Independents withdraw support

The three MLAs -- Sombir Sangwan, Randhir Gollen and Dharampal Gonder -- also said that they have decided to extend support to the Congress during the elections.