Sensex dropped by 1,114.82 points; Nifty tank 326.30 points at 10,805.55 – Business news

Sensex dropped by 1,114.82 points; Nifty tank 326.30 points at 10,805.55 – Business news

The Sensex climbed 1,114.82 points to close at 36,553.60 points on Thursday. While the NSE Nifty fell 326.30 points to close at 10,805.55.

This was the most single-day recession since May 4 as foreign investors sold shares at the fastest pace in nearly three weeks. On 4 May, the equity had crossed the 2,000 mark.

Barring Hindustan Unilever, which was up 0.36 percent, ended all components of the Sensex on Thursday.

IndusInd Bank was at the top with a decline of over 7 per cent, followed by Bajaj Finance, M&M, Tech Mahindra, TCS and Tata Steel.

The global market saw sell-offs due to growing concerns over the economic recovery by central banks and the lack of fresh incentives. News agency PTI quoted traders as saying that there was also fear of a second wave of Kovid-19 cases in many economies.

(With agency inputs)

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