Sensex down by 500 points in early session on fear of coronavirus lockdown extension
Updated:5 years, 6 months ago
Mumbai, Apr 13 (ANI): Equity benchmark indices slipped by over 1.5 per cent during early hours on Monday in line with Asian peers with auto and realty stocks suffering deep losses. As the country braced for an extension of the 21-day lockdown to contain the spread of coronavirus, market sentiment was hit with global crude oil prices jumping by more than one dollar a barrel after top producers agreed to their biggest-ever output cut. At 10:15 am, the BSE S&P Sensex was down by 508 points or 1.63 per cent at 30,652 while the Nifty 50 edged lower by 137 points or 1.5 per cent at 8,975. Except for Nifty pharma, all sectoral indices at the National Stock Exchange were in the red with Nifty auto skidding by 4.6 per cent, realty by 4.2 per cent, financial service by 3.1 per cent and private banks by 2.8 per cent. Among stocks, Mahindra & Mahindra dropped by 6.8 per cent to Rs 355.25 per share.
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