Mumbai: The headline indices BSE Sensex and Nifty 50 failed to cheer the first tranche of the Rs 20 lakh crore stimulus to support Indian economy, which has been battered by a 51-day lockdown to contain the COVID-19 pandemic.
BSE Sensex slipped below the crucial 31,200-mark to end at 31,122, while the broader Nifty 50 index breached the psychological level of 9,200, and settled at 9,142. Reliance Industries (RIL), HDFC Bank, HDFC, ICICI Bank and Infosys contributed the most to the indices’ losses today.
The fall in the market was mainly on the back of the negative global cues as US Fed warned to prolonged recession in the US economy after coronavirus. The top losers on Sensex were Tech Mahindra, Infosys, HDFC, IndusInd Bank, RIL and Power Grid.
