{"id":27681,"date":"2020-06-16T08:38:02","date_gmt":"2020-06-16T03:08:02","guid":{"rendered":"https:\/\/kashmir.today\/?p=27681"},"modified":"2020-06-16T08:38:02","modified_gmt":"2020-06-16T03:08:02","slug":"sensex-tanks-552-pts-on-second-covid-wave-fears","status":"publish","type":"post","link":"https:\/\/kashmir.watch\/?p=27681","title":{"rendered":"Sensex tanks 552 pts on second COVID wave fears"},"content":{"rendered":"\n<p><a href=\"http:\/\/ptinews.com\/news\/11563477_Sensex-tanks-552-pts-on-second-COVID-wave-fears.html\">PTI<\/a><\/p>\n\n\n\n<p><strong>Mumbai:<\/strong> Equity benchmark Sensex plunged 552 points on Monday, dragged by heavy losses in financial stocks amid concerns over a second wave of coronavirus infections.<\/p>\n\n\n\n<p>After sinking over 857 points during the session, the 30-share index settled 552.09 points, or 1.63 per cent, lower at 33,228.80.<\/p>\n\n\n\n<p>Similarly, the NSE Nifty tumbled 159.20 points, or 1.60 per cent, to close at 9,813.70.<\/p>\n\n\n\n<p>IndusInd Bank was the top laggard in the Sensex pack, tanking around 7 per cent, followed by Axis Bank, Bajaj Finance, ICICI Bank, NTPC, Tata Steel, ITC and HDFC Bank.<\/p>\n\n\n\n<p>On the other hand, Reliance Industries, HCL Tech, Sun Pharma and ONGC were among the gainers.<\/p>\n\n\n\n<p>Market traded on a negative note on subdued global cues on fears of a second wave of coronavirus cases, Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi said.<\/p>\n\n\n\n<p>With signs that the deadly disease is coming back in China and the United States, investor optimism about economic recovery is beginning to fade, traders said.<\/p>\n\n\n\n<p>The number of cases linked to the disease around the world has crossed 79 lakh and the death toll has topped 4.33 lakh.<\/p>\n\n\n\n<p>In India, the number of infections rose to 3.32 lakh and the death toll rose to 9,520, according to the health ministry.<\/p>\n\n\n\n<p>Bourses in Shanghai, Hong Kong, Tokyo and Seoul tanked up to 4.76 per cent. Stock exchanges in Europe were also trading over 1 per cent lower.<\/p>\n\n\n\n<p>International oil benchmark Brent crude futures fell 0.93 per cent to USD 38.37 per barrel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PTI Mumbai: Equity benchmark Sensex plunged 552 points on Monday, dragged by heavy losses in financial stocks amid concerns over a second wave of coronavirus infections. After sinking over 857 points during the session, the 30-share index settled 552.09 points, or 1.63 per cent, lower at 33,228.80. Similarly, the NSE Nifty tumbled 159.20 points, or [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21635,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-27681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/posts\/27681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27681"}],"version-history":[{"count":0,"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/posts\/27681\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/"}],"wp:attachment":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}