Sensex tanks 740 pts amid Covid woes

Mumbai, March 25

Equity benchmarks crashed for the second straight session on Thursday as a spurt in Covid cases in the country and fears of localised lockdowns triggered an across-the-board selloff. Bearish global cues and expiry of monthly derivative contracts added to the volatility, traders said.

The Sensex slumped 740.19 points to close at 48,440.12. The Nifty tanked 224.50 points to 14,324.90. Maruti was the top loser in the Sensex pack, shedding 3.98%, followed by HUL, Airtel, Bajaj Auto, NTPC, Bajaj Finance and UltraTech Cement.

Only four index components managed to close in the green — Dr Reddy’s, ICICI Bank, HDFC and L&T, rising up to 0.74%. — PTI

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