The Sensex tank is above 400 points in early trade; Earners include Infosys, Tech Mahindra, TCS

The BSE Nifty was down 434.90 points, or 0.8787 per cent, at 49,594.93 and the NSE Nifty was down 109.35 points, or 0.74 per cent, at 14,758.

MumbaiDespite the positive trend in the global market, the main benchmark Sensex on Monday lost more than 400 points to the big HDFC twins, ICCI Bank and Reliance Industries. The 30-share BSE index fell 434.90 points, or 0.87 per cent, to 499594.93 and the broader NSE Nifty fell 109.35 points, or 0.74 per cent, to 14,758.

IndusInd Bank lags behind the Sensex pack by one per cent, followed by Bajaj Finance, Axis Bank, SBI, Bajaj Auto, Bajaj Finzer, ICICI Bank, HDFC Twins and Reliance Industries. Beneficiaries, on the other hand, are Infosys, HCL Tech, Tech Mahindra, TCS and Bharti Airtel.

The Sensex rose 520.68 points, or 1.05 per cent, to 50,029.83 points on Thursday, and the Nifty rose 176.65 points, or 1.2%, to 14,867.35 points in the previous session on Thursday. Foreign institutional investors (FIIs) bought shares worth Tk 149.41 crore on Thursday as net buyers in the capital market.

Financial markets were closed on April 2 for Good Friday. Domestic equity does not currently provide inspiration. A sharp nail Coronavirus Binod Modi, chief strategist at Reliance Securities, said lawsuits in the country and consequent sanctions would reduce investor sentiment in the near term.

“A weekend shutdown in Maharashtra, which contributes more than 13 per cent to the country’s GDP and about 20 per cent to India’s industrial output, is not doing well.” Elsewhere in Asia, the Seoul and Tokyo bowlers traded on a positive note in the mid-season deal. Markets in Shanghai, Hong Kong and Australia were closed during the holidays.

Meanwhile, global oil benchmark Brent crude fell 0.69 percent to 2 244.28 a barrel. .

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