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Share Market LIVE: Sensex crashes 2,900 points, Nifty gives up 9,650; SBI, ONGC top drags

FE Online
·1-min read
Share Market Today, Share Market Live
Share Market Today, Share Market Live

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks Sensex and Nifty crashed on Thursday as the World Health Organisation (WHO) declared coronavirus outbreak a global pandemic. S&P BSE Sensex ended the day down by 2,919 points or 8.18 per cent lower at 32,772, while the Nifty 50 index settled at 9,633, down 868 points or 8.3 per cent at the end of the day’s trade. All 30 Sensex stocks were trading in deep sea of red. SBI, ITC, Axis Bank, ONGC were down in the range of 11-15%. All 11 Nifty sectoral indices ended in red with Nifty PSU Bank index falling over 13.15 per cent dragged by Canara Bank, Punjab national Bank and J&K Bank. Similarly, Nifty Metal index too slipped 9.71 per cent weighed by weakness in Welspun Corp, Jindal Steel and Vedanta.

Finance Minister Nirmala Sitharaman will hold meeting with chief executives of amalgamating banks on Thursday to review preparedness for the merger beginning April 1. Earlier this month, the Union Cabinet headed by Prime Minister Narendra Modi approved consolidation of 10 state-owned banks into four. According to sources, the finance minister will review planning and preparedness of merging banks on March 12.