Sensex nosedives 1,115 points, Nifty slips below 10,900
- All components of Sensex, except Hindustan Unilever, ended in the red
- The NSE Nifty fell to 10,805.55, crashing 326.30 points or 2.93%
- Growing concerns of economic recovery and fears of second wave of coronavirus are the reasons
BSE Sensex on Thursday fell for the sixth day in a row, plunging 1,115 points amid a heavy selloff in global equities. The 30-share BSE index, after opening on a weak note, settled 1,114.82 points or 2.96% down at 36,553.60.
The NSE Nifty fell to 10,805.55, crashing 326.30 points or 2.93%.
All components of Sensex, except Hindustan Unilever, ended in the red. Tumbling over 7%, IndusInd Bank was the top laggard, followed by Bajaj Finance, M&M, Tech Mahindra, TCS, and Tata Steel.
The growing concerns over economic recovery and lack of fresh stimulus by central banks led to the global market selloff, traders said, adding that fears of a second wave of COVID-19 cases in many economies also weighed on sentiment.
In the forex market, the rupee depreciated 32 paise to finish at 73.89 against the US dollar.
Meanwhile, global oil benchmark Brent crude was trading 0.22% lower at US$ 41.68 per barrel.