Equity indices tumble 2 pc amid global fears of resurgence in COVID-19 infections
Jun 12, 2020
New Delhi, June 12 (ANI): Equity benchmark indices plunged over 2 per cent during early hours on Friday on the back of rising global concern on the resurgence of coronavirus infections. Fear of a second wave of COVID-19 related cases has sparked worries among investors that it will delay the economic recovery. At 10:15 am, the BSE S&P Sensex was down by 749 points or 2.23 per cent at 32,790 while the Nifty 50 edged lower by 218 points or 2.21 per cent at 9,684. All sectoral indices at the National Stock Exchange were in the red with Nifty PSU bank down by 3.8 per cent, private bank by 3.7 per cent, financial service by 3.2 per cent, metal by 2.8 per cent and auto by 2.2 per cent. Among stocks, IndusInd Bank lost by 6 per cent to Rs 491.55 per share. Kotak Mahindra Bank tumbled by 4.1 per cent, ICICI Bank by 3.8 per cent and Axix Bank by 3.6 per cent.
