Sensex down 1,200 amid oil market crash, Nifty below 9,000
21-April-2020
The Indian stock market continued its freefall on Tuesday afternoon, with the BSE Sensex losing over 1,200 points.
The plunge in the domestic market was largely on the back of the weakness in the Asian markets which tumbled post the crash in the US oil prices. In a historic price movement, the futures of WTI crude in the US for the first time fell below zero and turned negative.
Around 1 p.m., Sensex was trading at 30,436.32, lower by 1,211.68 points or 3.83 per cent from the previous close of 31,648.
It had opened at 30,836.19 and has touched an intra-day high of 30,900.12 and a low of 30,407.01 points.
The NSE Nifty50 was trading at 8,923.35, lower by 338.50 points or 3.65 per cent from the previous close.
Heavy selling was witnessed in oil and gas, finance, banking and energy stocks. IANS
After Six Years of Profitable Bootstrapping, Medulance Raises Rs 25 Crore to Expand Nationally
IIM Grad and First-Generation Entrepreneur Anish Popli's ProcMart Secures Rs 250 Crore in Series B Funding
First Indian Space Tourist Talks Dreams and Inspiration Before Blue Origin Flight
Former MLA Rathod Bapu Rao Switches from BJP to Congress in Telangana
Zerodha Co-Founder Nikhil Kamath Launches 'WTFund' to Support Young Entrepreneurs