Sensex tanks 983.53 points

Mumbai, Apr 30 (UNI) Snapping a rally of last four sessions, the BSE Sensex on Friday dropped 983.53 pts to settle at 48,782.46 as selling was seen in Finance, Bankex, Auto and FMCG stocks. The Nifty too fell 263.80 points to 14,631.10.

There was a correction in the equity market following weakness in the Asian market despite hopeful signs from Wall Street. Even, spurting covid cases and uncertainties surrounding vaccination added more pressure on the market.

The sensex slid 405 points to open at 49,360.89. During the day, it tumbled down nearly 1067 points to 48,698.08, day’s low, before closing at 48,782.36, sliding by 983.53 points from its previous close.

The sensex registered day’s high and low at 49,569.42 and 48,698.08 points respectively. The Nifty recorded day’s high and low at 14,855.45 and 14,601.70 points respectively.

The sectoral indices like Finance, Bankex, Auto, FMCG and Consumer Discretionary Goods and Services dragged the market. In scrips, HDFC, HDFC Bank, ICICI Bank, Kotak Bank and Asian Paints were the main ladders.

However, buying in ONGC, Sun Pharma, Dr Reddy and Bajaj Auto capped from further losses, the broker said. The Mid Cap declined by 0.65 per cent and Small Cap by 0.07 per cent.

In 30 scrips, 4 advanced while 26 declined.

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