Sensex falls by 1,200 points and Nifty also drops below 8,300

The fall in the Sensex on 1 April led to a weakening of world markets due to the fall in the Sensex by over 1,200 points and the Nifty 50 closing below 8,300, due to changes in coronovirus cases and MSCI’s foreign inclusion factories.

Last tally on D-Street: Sensex fell 1,203 points to 28,265 while Nifty 50 fell 343 points to close at 8,253. The Indian market will be closed on 2 April due to a public holiday.
The sector’s decline was better due to a fall in IT, banks, telecom, FMCG, public sector and capital goods stocks. The S&P BSE Midcap index fell 2.1 percent while the S&P BSE Smallcap index was down just 1 percent.
“Today’s business has seen a sell-off mainly under the leadership of technology and private sector banks as the Foreign Exchange Fund has made cash by selling equity.”

The top Nifty beneficiaries include Titan Company, Bajaj Auto and Hero MotoCorp.
The top Nifty losers include UPL, TCS, Kotak Bank and Tech Mahindra, which each fell more than 6 percent.

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