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Indian equity markets failed to show any recovery after trading resumed post the first circuit limit. Both S&P BSE Sensex and the NSE Nifty 50 ended with their worst ever one-day decline.
The 30-scrip Sensex fell 13.15 percent to 25,981. These are now the lowest levels since December 2016. All components of the index ended with declines.
The 50-stock Nifty fell 12.98 percent to end at 7,610. These are now the lowest levels since April 2016. All 50 stocks ended the day with cuts, with four of them falling over 20 percent.
All sectoral indices ended with declines, with 9 out of the 11 indices posting double-digit percentage decline.
Market breadth remained adverse with 1,703 stocks ending the day with losses while only 129 closed with gains.
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Get full data on how different sectors have fared here.
Read more about how the RBI is addressing market risks here.
Market breadth remains adverse with 113 stocks advancing while 1,368 stocks are declining.
Shares of the pharmaceutical player gained as much as 17.94 percent to Rs 1,622 on the National Stock Exchange.
The U.S. FDA made an exception to the company's import alert due to the Covid-19 outbreak and the resultant shortage of certain drugs and finished products. Exceptions were made for its API unit in Ratlam and for its HCQ tablets made in Indore, Pithampur and Silvassa.
This was the second straight day of gains for the company. The stock ended with gains of 8.45 percent on Friday.
Selling resumed in India's equity markets with the benchmark indices opening near lower circuit levels.
The S&P BSE Sensex index fell as much as 9.09 percent on opening to 27,197 while the NSE Nifty 50 index too fell as much as 9.19 percent to 7,941.
All constituents of the Nifty and Sensex opened with losses, as did all the sectoral indices.
Market breadth remains adverse with 156 stocks trading with gains while 1,387 stocks opening with losses.
Find out all that you need to know going into today’s trading session HERE!
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