Sensex Lose 284 Points as Caution Grips Market Ahead of Budget
Sensex lost 284.84 points to close at 40,913.82 while Nifty finished at 12,035.80, down 93.70 points.
Equity markets witnessed a day of significant losses on Thursday, 30 January, as investors turned cautious ahead of Union Budget.
The 30-share BSE Sensex lost 284.84 points to close at 40,913.82 while the broader 50-share NSE Nifty finished at 12,035.80, down 93.70 points.
Among sectors, Nifty Pharma and Nifty FMCG sub-indices lost the most at 2.09 percent and 1.56 percent, respectively.
According to traders, benchmark indices turned highly volatile ahead of the expiry of January futures and options (F&O) contracts.
Further, weakness in other Asian bourses amid concerns over the impact of China's coronavirus on world economy also weighed on domestic market, traders said.
Bourses in Hong Kong, Japan and South Korea were trading with sharp losses, while markets in China remained closed.
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