The benchmark indices witnessed heavy selling this morning but managed to stage a recovery over the rest of the day.
PTI reports: “Equity benchmark Sensex slipped over 190 points on Tuesday, dragged by a massive loss in index heavyweight Reliance Industries amid weak cues from Asian peers as fears of a second wave of coronavirus infections spooked global investors.
After plunging over 716 points during the day, the 30-share index pared some losses but still settled 190.10 points or 0.60 per cent lower at 31,371.12.
Similarly, NSE Nifty declined 42.65 points, or 0.46 per cent, to 9,196.55.
Reliance Industries was the top loser in the Sensex pack, plunging over 6 per cent, followed by Asian Paints, Kotak Bank, HUL, HDFC Bank and ONGC.
On the other hand, NTPC, Bharti Airtel, ITC and IndusInd Bank and PowerGrid were among the top gainers.
According to traders, weak cues from global markets on fears of a second wave of coronavirus infections spooked investors across Asia.”
With inputs from The Hindu