Market Update: Sensex drops 400 points amid weak cues from Asian markets

Market Update: Sensex drops 400 points amid weak cues from Asian markets

FPJ Web DeskUpdated: Tuesday, May 12, 2020, 09:37 AM IST
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Market Update: Sensex drops 400 points amid weak cues from Asian markets | AFP

Market Benchmark Index Sensex slipped over 380 points during the opening session on Tuesday tracking weak cues from the Asian Markets.

Sensex dropped 388.08 points or -1.23% at 31,173.14 during the opening session on Monday while the broader Nifty 50 dropped 102.50 points or -1.11% at 9,136.70.

It further slipped 400 points.

Moreover, Centre's indication of lockdown extension with fewer curbs also hurt the sentiments of the stock market.

At 9.08 am, in the pre-opening session on Tuesday, Sensex dropped 225.00 points or -0.71% at 31,336.22 while Nifty 50 dropped 70.35 points or -0.76% at 9,168.85.

The top gainers were Utra cement, Sunpharma, ITC, Tech Mahindra, Nestle India, NTPC, Titan, Bharti Airtel, HCL Tech while Reliance, Bajaj Auto, Hero Motor corp, L&T, Bajaj Finance, Axis Bank, Tata steelm SBIN, ICICI, Hindustan Lever were in red on the Bombay Stock Exchange during the opening session.

Sensex dropped by 81.48 points or -0.26% at 31,561.22 during the closing session on Monday.

Similarly, the broader Nifty 50 dropped 12.30 points or -0.13% at 9,239.20 during the closing session on Friday.

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