Sensex Falls Over 400 Points As Markets Give Up Early Gains

INSUBCONTINENT EXCLUSIVE:
All sectors moved lower except consumer goods sharesDomestic stock markets started Friday's session on a volatile note as the country
entered the tenth day of a 21-day nationwide lockdown to curb the spread of the coronavirus pandemic
The S-P BSE Sensex index fell as much as 442.32 points to hit 27,822.99 on the downside immediately after starting the day up 358.22 points
at 8,356.55 compared to its previous close of 8,253.80
moved lower except consumer goods shares, with the banking and automobile stocks being the worst hit.In the 50-scrip Nifty index, 33 stocks
suffered losses
Top percentage laggards were Kotak Mahindra Bank, IndusInd Bank, ICICI Bank, HDFC, Tata Motors and Hero MotoCorp, trading between 3.87 per
higher against 612 that moved lower
cut in oil output drove gains, taking some sting out of a shocking jump in Americans filing jobless claims due to coronavirus-led lockdowns
The Dow Jones, S-P 500 and Nasdaq Composite indices ended 2.24 per cent, 2.28 per cent and 1.72 per cent higher respectively.The number of
Americans filing claims for unemployment benefits shot to a record high for a second week in a row - topping 6 million - as more states
enforced stay-at-home measures to curb the coronavirus pandemicThe United Nations said the global economy could shrink by up to 1 per cent
in 2020 due to the coronavirus pandemic, a reversal from the previous forecast of 2.5 per cent growth, warning that it may contract even
further if restrictions on the economic activities are extended without adequate fiscal responses.On Wednesday, the Sensex had