Sensex sheds 811 pts, clever closes below 9k 1st time in 3 years

MUMBAI: The marketplaces see-sawed on Tuesday as worries of a pandemic-led global recession kept investors jittery. Regional organizations attempted to support the sensex at lower levels however eventually stopped working. The index opened about 200 points greater, lost 800 points within the very first hour, then rallied nearly 500 points but finally, due to a fag-end selloff, settled with a loss of 811 points, or 2.6%, at 30,579– a three-year closing low. On the NSE, the Nifty lost 230 points, or 2.5%, to 8,967, its first closing below the 9K mark in the last three years.

The day’s selling was again led by foreign funds with a net outflow figure of Rs 4,045 crore, BSE information showed. Banking and financial services stocks were once again at the leading edge o