The S&P BSE Sensex shed 1,942 points or over 5 per cent to settle at 35,635. Reliance Industries (RIL) tumbled around 14 per cent to hit its 52-week low of Rs 1,094.95 on the BSE. It was the biggest contributor to the index’s fall. Other index stocks that witnessed heavy selling were ICICI Bank, HDFC, TCS, Infosys, and HDFC Bank.
Crash in crude oil price and Corona virus (COVID -19) fears triggered another round of across-the-board selling in the equity market on Monday. Benchmark indices Sensex and Nifty slid over 6 per cent during the intra-day session before trimming some of their losses later. The indices witnessed their biggest oneday fall ever in absolute terms.
Nifty Weekly Chart
Nifty50 is week on weekly chart, next support is at 10000-9900. Nifty50 closed lower at 10451.45 level, -538 points, or -2.48 per cent. Levels for Today:- Nifty Support : 10300 and 10100 Resistance : 10550 and 10650.
