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MARKET WRAP: Sell-off continues for 4th day; Sensex ends 392 pts lower

All that happened in markets today

SI Reporter New Delhi
MARKET WRAP: Sell-off continues for 4th day in a row; Sensex falls 392 pts

3 min read Last Updated : Feb 26 2020 | 4:11 PM IST

4:05 PM

MARKET COMMENT | Vinod Nair, Head of Research at Geojit Financial Services

Increasing concern regarding coronavirus in the world over is impacting global market. The economic impact is expected to be worse than thought earlier forcing investors to stay away from risky assets. Domestic market is bracing for yet another subdued GDP growth, with a forecast of 4.6 per cent  to 4.7 per cent in Q3 compared to 4.5 per cent in Q2, which is adding to the fear.

3:45 PM

SECTOR WATCH | Auto stocks fall the most

3:44 PM

MARKET AT CLOSE | Top losers and gainers on the S&P BSE Sensex

3:36 PM

CLOSING BELL

The S&P BSE Sensex slipped 392 points or 0.97 per cent to end below the crucial level of 40,000 at 39,889 while NSE's Nifty50 index ended at 11,678, down 119 points or 1 per cent.

3:25 PM

BROKERAGE RADAR | ICICI Securities on Consumer Discretionary

The Coronavirus has had a widespread impact across major economies and is now becoming a global emergency. China’s (the epicentre of Coronavirus) manufacturing capacities have shut down for over a month now, creating a supply disruption of finished goods/components for consumer durable companies operating in India. However, most vendors had already made provisions for inventory due to the Chinese Lunar New Year holidays. Hence, there may not be an immediate impact in the current quarter.

3:14 PM

NEWS ALERT | Sun Pharma launches Riomet WR in the US market

3:04 PM

NEWS ALERT | Vodafone Idea seeks govt support to facilitate balance of AGR dues, reports CNBC-TV18

3:02 PM

MARKET CHECK

2:56 PM

Contribution to S&P BSE Sensex's fall today

2:53 PM

Global Markets check

European shares fell for a fifth straight session on Wednesday, as investors fretted over the growing impact of a fast-spreading coronavirus that has pushed companies world-wide to sound the alarm on earnings.

Europe’s main equity benchmark STOXX 600 fell 0.8 per cent, marking its first five-day losing streak since July 2019.

Asian shares fell on Wednesday as a US warning to Americans to prepare for the possibility of a coronavirus pandemic jolted Wall Street yet again and pushed yields on safe-haven Treasuries to record lows.

That led MSCI’s broadest index of Asia-Pacific shares outside Japan down 1.1 per cent. Japan was among the worst-performing market in the region, weighed by growing concerns the virus could force the cancellation of the Tokyo Olympics.

2:51 PM

Maruti Suzuki dips 3%

2:42 PM

MARKET CHECK | Vedanta slips nearly 2.5%

2:40 PM

Sensex at day's low

2:36 PM

Heatmap: S&P BSE Sensex

2:34 PM

Nifty sectoral indices at this hour

Topics :MarketsMARKET WRAP

First Published: Feb 26 2020 | 7:45 AM IST