Sensex tanks 667 factors; Nifty ends beneath 10,900

Mumbai, August 3

Slumping for the fourth straight session, fairness benchmark Sensex plunged 667 factors on Monday following a selloff in index-heavyweights Reliance Industries, HDFC twins and Kotak Bank as hovering COVID-19 circumstances saved buyers jittery.

The rupee too sank 20 paise and settled beneath the 75 per US greenback mark.

The BSE Sensex ended 667.29 factors or 1.77 per cent decrease at 36,939.60, whereas the NSE Nifty tumbled 181.85 factors or 1.64 per cent to 10,891.60.

Kotak Bank was the highest loser within the Sensex pack, falling over four per cent, adopted by IndusInd Bank, Axis Bank, ONGC, HDFC Bank, Bajaj Auto and Reliance Industries (RIL).

On the opposite hand, Titan, Tata Steel, HCL Tech, L&T and SBI had been among the many gainers.

According to merchants, huge promoting in index majors RIL and HDFC duo dragged the important thing indices decrease.

Further, overseas fund outflows and issues over rise in COVID-19 circumstances internationally saved buyers on edge, they added.

The variety of circumstances all over the world linked to COVID-19 has crossed 1.eight crore, whereas the an infection rely in India has crossed 18 lakh.

Globally, nevertheless, bourses in Shanghai, Tokyo, Seoul settled on a constructive word, whereas Hong Kong ended within the crimson.

Stock exchanges in Europe had been additionally buying and selling on a constructive word in early offers.

Global oil benchmark Brent crude was buying and selling 0.69 per cent decrease at USD 43.22 per barrel. — PTI

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