As bears took over the markets, BSE Sensex and Nifty 50 snapped their 4-day gaining streak and ended lower on Wednesday due to sell-off in banks and financial stocks. Sensex hit an intra-day high of 35,706, however, due to sell-off in the last hour, the 30-share index plunged 837 pts from day’s high point and settled at 34,869. While the broader Nifty 50 index finished trade at 10,305, down 166 points or 1.58 per cent. The fall in the markets was on the back of rising coronavirus cases which unnerved global markets. Similarly, the cases in India too, continue to spike which weighed on investor sentiment. IndusInd Bank and ICICI Bank were the top losers on BSE Sensex and Nifty 50. On the flip side, Asian Paints and ITC topped the gainers pack.
Nifty Outlook: Nifty50 closed lower at 10305.30 level, -165.70 points, or -1.58 per cent. Today Nifty Support : 10200 and 10100 Resistance : 10400 and 10500.
