MARKET LIVE: Sensex slips 200 points; private banks, financials weak

Benchmark indices have been trading lower on Thursday as investors reassessed the scope of the coronavirus outbreak after China’s Hubei province documented a record increase in the demise toll. A .3 for each cent contraction in manufacturing unit output in December and the retail inflation fee hitting multi-calendar year high amount in January also dampened sentiment.

The S&P BSE Sensex dipped 210 factors, or .five for each cent, to 41,350 degrees. IndusInd Lender, HCL Tech (both equally down one%), and HIndustan Unilever (down .nine for each cent) have been the leading laggards in the Sensex pack. On the other hand, State Lender of India (up 2%), Titan and ONGC (both equally up one%) attained the most.

The broader Nifty50 index gave up the twelve,one hundred fifty mark, down 60 factors, or .five for each cent.

The Nifty sectoral indices have been trading blended. Nifty Metal and Nifty Private Lender indexes, both equally down above one for each cent, bled the most.

In the broader industry, the S&P BSE MidCap dipped 60 factors, or .37 for each cent, trading flat and the S&P BSE SmallCap index was flat.