Auto, Metal Stocks Drag Markets Down, Sensex Slips Under 41,000
Sensex lost 172.78 points to close at 40,982.34, while Nifty finished at 12,060.25, down 58.75 points.
Equity markets witnessed another day of significant losses as both Sensex and Nifty lost half a percent on Tuesday, 28 January.
The 30-share BSE index lost 172.78 points to close at 40,982.34, while the broader 50-share NSE index finished at 12,060.25, down 58.75 points.
Auto and metal stocks lost the most with the Nifty Auto and Nifty Metal sub-indices 1.23 percent and 2.39 percent, respectively.
Volatility reigned in the markets amid a global selloff triggered by concerns over the impact of rapidly-spreading coronavirus on world economies, they added.
Bourses in Japan and South Korea were trading with sharp losses, while markets in China, Korea and Hong Kong were closed for a holiday.
Brent crude oil futures fell 0.61 per cent to $58.22 per barrel. The rupee appreciated 5 paise to 71.38 against the US dollar in morning session.
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