Indian benchmark indices resulted in pink for the fourth straight session on Wednesday (February 26) with the BSE Sensex plunging 392 factors to finish at at 39,889, whereas the Nifty50 index misplaced 119 factors to complete the day at 11,678.
The markets undergo big losses as fears of a possible coronavirus pandemic rattled the traders. The Nifty Midcap index and Nifty Smallcap index misplaced 1 % and 0.6 %, respectively.
Sure Financial institution, SBI, Bharti Infratel, HCL Tech, and HDFC Financial institution had been the highest gainers on the Nifty50 index, whereas GAIL, Tata Motors, Solar Pharma, Grasim, and Hindalco had been the worst losers.
All sectoral indices closed in pink on Wednesday. Main promoting was seen in Nifty Auto and Nifty Steel indices, as they plunged 2.1 % and 1.7 %, respectively. Nifty Realty, Nifty IT and Nifty Pharma additionally declined round 1.5 % every, whereas, Nifty Financial institution shed 0.four % for the day.
Indian indices opened on a weak word on Wednesday with the Sensex shedding 365.09 factors or 0.91% at 39916.11, whereas the broader Nifty down 104.50 factors or 0.89% at 11693.40. Main gainers on the indices had been Nestle, Asian Paints, Zee, and SBI, whereas Cipla, JSW Metal, Bharti Infratel, Wipro, Tata Motors, Tata Metal, RIL, and Sure Financial institution had been among the many prime laggards.