Snapping the four-day gaining streak, BSE Sensex and Nifty 50 recorded the biggest single-day fall in two weeks on Thursday. Today’s fall in the markets erased over 80 per cent of gains made last week. The 30-share Sensex gave up the crucial level of 32,000 and Nifty 50 index settled below the psychological mark of 9,300. Banking stocks were the top Sensex laggards with a decline of up to 11 per cent. “In sync with global markets, the Indian benchmark indices lost around 5.6% with an increase in the volatility index by around 28%. The extension of the lockdown and the fear that the economy and businesses will take longer to get back on track impacted the markets.
Nifty50 closed lower at 9293.50 level, -566.40 points, or -5.74 per cent. Nifty Support :9220 and 9150 Resistance : 9380 and 9450.
