BSE Sensex and Nifty 50 were trading near 2 per cent down on Thursday. US Federal Reserve Chairman Jerome Powell warned a prolonged recession for the US economy on the back of novel coronavirus pandemic. BSE Sensex fell over 650 points to hit day’s lows of 31,344.50, while the broader Nifty 50 index slipped below 9,200-mark. The broader markets were performing better than frontline indices. The BSE MidCap index gained 0.17 per cent while the SmallCap index was trading 0.24 per cent lower.
NTPC down 5%: NTPC was the top Sensex laggard with a decline of 4.84 per cent, followed by Infosys, IndusInd Bank, Power Grid and Tech Mahindra. On the flip side, Bajaj Finance gained over 2 per cent. Nestle India, Sun Pharma, Hindustan Unilever and Kotak Mahindra Bank were among Sensex gainers.
Nifty50 closed lower at 9142.75 level, -240.80 points, or -2.57 per cent. Nifty Support : 9100 and 9000 Resistance : 9250 and 9350.
