Sensex Drops 939 Points After Reports of New Coronavirus Cases
Sensex and Nifty erased all their gains and trading in the red with Nifty below 11,150 level on Monday, 2 March.
Sensex and Nifty erased all its gains and are trading in the red with Nifty below 11,150 level on Monday, 2 March. The drop came after two more positive cases of the novel coronavirus - one in Delhi and another in Telangana - were reported by the Union Health Ministry on Monday.
Sensex was down 153.27 points or 0.40% at 38,144.02, while Nifty was down 69 points or 0.62% at 11132.80, reported Moneycontrol.com.
The market breadth was tilted in favour of sellers. About 1,105 stocks declined and 701 shares advanced on National Stock Exchange, reported BloombergQuint.
Indian equities had a positive start on Monday, 2 March.
The Sensex opened 752.84 points up or 1.97 percent at 39,050.13, and the Nifty up 222.50 points or 1.99 percent at 11,424.30. About 827 shares have advanced, 152 shares declined, and 36 shares were unchanged at 9:18 am, according to Moneycontrol.
The Indian rupee opened higher by 10 paise at 71.07 per dollar on Monday versus Friday's close at 72.17.
Bharti Infratel, ICICI Bank, JSW Steel, Vedanta, IOC, NTPC, Hindalco, and UPL are among major gainers on the Indices.
(With inputs from Bloomberg Quint and Moneycontrol.com)
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