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Equities close lower as Coronavirus cases rise, financial and metal stocks drag


Equities close lower as Coronavirus cases rise, financial and metal stocks drag

New Delhi, Mar 04 (ANI): Heavy selling in financial and metal stocks dragged equity benchmark indices lower by half a per cent on Wednesday as the government said that number of confirmed Coronavirus cases in India has risen to 28. The market sentiment was affected after Health Minister Dr Harsh Vardhan said that a total of 28 cases of Coronavirus have been confirmed and all international tourists coming to India are being screened at airports.

As investors assessed the economic fallout from fast-spreading Coronavirus globally, the BSE SandP Sensex closed 214 points or 0.55 per cent lower at 38,409 while the Nifty 50 slipped by 49 points or 0.43 per cent to 11,254. Except for Nifty pharma and IT, all sectoral indices at the National Stock Exchange were in the red with Nifty financial service losing by 1.42 per cent, private bank by 1.71 per cent, metal by 0.74 per cent.

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