Indian equities plunged on Wednesday, the first trading session of financial year 2020-21, erasing Tuesday’s gains as other global equity markets continued to see a sell-off. The 30-share benchmark Sensex declined 1,203.18 points, or 4.08%, to close at 28,265.31.
The broader Nifty50 declined 343.9 points or 4% to close at 8,253.8 points. The daily turnover in the futures and options (F&O) segment for the Nifty was Rs 12.4 lakh crore. For March, the average F&O turnover was Rs 11.8 lakh crore which is the lowest in ten months. According to market experts, this shows that the speculators in the markets have reduced.
Nifty50 closed lower at -8253.80 level, -343.95 points, or -4.0 per cent. Nifty Support : 8140 and 8000 Resistance : 8360 and 8500.
