INSUBCONTINENT EXCLUSIVE:
NEW DELHI: After barely 30 minutes of trading in green, domestic equity indices wiped their gains as bears took the command back on Dalal
Street on Wednesday as India went under a lockdown
India has reported 519 cases as per Ministry of Health and Family Welfare
Prime Minister Narendra Modi announced a 21-day lockdown across the country on Tuesday to combat the coronavirus pandemic.
BSE flagship
Sensex dropped 300 points to 26,362 while NSE benchmark Nifty slipped 75 points to 7,725.
Sell off in IndusInd Bank continued as the counter
dipped 4.56 per cent to Rs 298
This was the eight straight day for the lender in the red
L-T, Axis Bank, ITC and Bajaj Auto were among other major losers in the pack.
Reliance Industries led the bluechip gainers, jumping 8.17 per
cent to Rs 1,020 on news that Facebook is in talks to acquire stake in Jio, while Bajaj Finance added 5.69 per cent
Tech Mahindra, HUL and HDFC Bank were among other gainers in the 30-share pack Sensex.
India VIX, the measure of volatility in the market,
hovered around 84.16.
Sectoral matrix on NSE was mixed with Nifty Bank, Nifty Auto and Nifty Media trading with cuts of up to 3 per cent
Nifty Pharma was the biggest gainer, up 1.56 per cent.
Globally, Asian shares extended their rally on Wednesday in the wake of Wall Street's
massive rebound as the United States Congress appeared closer to passing a $2 trillion stimulus package to mitigate the economic blow
from the coronavirus pandemic.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.7 per cent with Australian shares jumping
3.4 per cent and South Korean shares gaining 3.5 per cent
Japan's Nikkei surged 4.8 per cent.
On Wall Street, the Dow Jones Industrial Average soared 11.37 per cent, its biggest one-day percentage
