MARKET LIVE: Sensex falls 250 pts, breaches 40k; auto, metals drag

Ali Corbett

Indian equities were being trading with in excess of 50 % a for each cent reduce on Wednesday following a significant sell-off right away on the Wall Street amid concerns in excess of the Covid-19 spreading further than China.

The S&P BSE Sensex was down 250 factors, or .sixty six for each cent, at around 40,000 degrees. Tata Steel, Solar Pharma, Maruti Suzuki, and Infosys (down one% just about every) were being the prime laggards in the Sensex pack. On the other hand, Nestle India and Hindustan Unilever were being trading 50 % a for each cent larger just about every.

The broader Nifty50 index slipped beneath the eleven,750 mark, down 87 factors, or .74 for each cent.

All the Nifty sectoral indices except Nifty FMCG index were being in the purple. Nifty Metal and Nifty Automobile indexes, the two down .eight for each cent just about every, bled the most.

In the broader marketplace, the S&P BSE MidCap index slipped fifty six factors, or .37 for each cent, and the S&P BSE SmallCap index was down ten factors.

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