Sensex, Nifty Extend Losses To Second Day Amid Rising Coronavirus Cases
- Both benchmark indices trimmed some of those losses by the end of the session, though still adding to a 4 per cent fall in the previous session. The Sensex ended 674.36 points - or 2.39 per cent - lower at 27,590.95, and the Nifty shut shop at 8,083.80, down 170.00  points (2.06 per cent) from the previous close.
- In the 50-scrip Nifty basket, 30 stocks ended lower. Axis Bank, IndusInd Bank, ICICI Bank, Titan, Shree Cement and SBI - closing between 5.66 per cent and 8.85 per cent lower - were the top percentage losers in the index. On the other hand, Sun Pharma, Cipla, ITC, GAIL and ONGC - ending between 6.16 per cent and 9.58 per cent - were the top Nifty gainers.
- The Nifty Bank index - comprising stocks of 12 major lenders in the country - finished with a loss of 5.27 per cent, having slumped 5.85 per cent during the session.
- Analysts say investors are still on the back foot as coronavirus cases showed no signs of abating.Â
- "While rising coronavirus cases continue to spook global markets, weak GST collections and expected widening of fiscal deficit are adding to concerns about an already-struggling economy back home," Anita Gandhi, director at Arihant Capital Markets, told NDTV.
- Active coronavirus cases in India rose to 1,860 as of Thursday evening, government data showed, while 53 died from the infection.
- Meanwhile, the Reserve Bank of India trimmed the timings for currency and debt markets by up to 5 hours in view of the coronavirus (COVID-19) pandemic. The new timings - from 10:00 am to 2:00 pm will be in effect from April 7 to April 17.
- Equities elsewhere in Asia continued to decline, with MSCI's Asia-Pacific index outside Japan dipping 0.15 per cent after oil prices retreated from their highest single-day rise in the previous session.
- Brent crude futures - the global benchmark for crude oil - were last seen trading 3.27 per cent lower at $28.96 per barrel, after having soared 21 per cent on Thursday.
- Global coronavirus cases surpassed 1 million on Thursday with more than 52,000 deaths. In India, an ongoing 21 day lockdown has brought Asia's third-largest economy to a halt.Â
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