Trading Halted For 1st Time In 12 Yrs As Sensex Falls 3,000 Points, Nifty Hits Lower Circuit
Mumbai: In a huge setback, Domestic equity benchmark Sensex fell by more than 3,000 points within minutes of opening on Friday to trade at 29,687, amid the coronavirus led sell-off.
15 of the 30 Sensex stocks were trading in the red. IndusInd Bank topped the Sensex by 7 per cent, followed by Nestle India and Tech Mahindra.
Meanwhile, Nifty also hit the 10% lower circuit, falling 966 points or 10% to 8,624. Consequently, the markets halted trading for 45 minutes, for the first time in nearly 12 years.
On the other hand, Sun Pharma topped the Sensex with a gain of over 6 per cent. Other beneficiaries included NTPC, Tata Steel, HDFC and UltraTech Chemnet.
Vodafone Idea shares gained 22 per cent in trading of 5.65 on the BSE. Brokerage firm CLSA has upgraded Vodafone Idea on good earning potential. Similarly, Yes Bank stock was trading 3.5 per cent higher on Friday on the BSE at 25.95 level.
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