Sensex slips below 40,000 points The benchmark BSE Sensex dipped below the psychologically crucial 40,000 marks at 39,998.76 as the coronavirus scare has triggered a sell-off in global equities. The market opens lower Soon after opening, the benchmark BSE Sensex had slipped below the crucial 40,000 marks, while the Nifty 50 was below 11,700 points.
Private lender IndusInd Bank was down 1.9 per cent at Rs 1,132.20 apiece on the BSE. The stock has been battered in the recent past as the bank has huge exposure to the troubled telecom and real estate sector. Earlier this month, rating agency Moody’s Investors Service revised its outlook for the lender to negative from stable due to concerns over declining asset quality. In a broader weak market, shares of index heavyweight HDFC Bank were down 0.6 per cent at Rs 1,192.75 apiece on the BSE. Separately, the private lender had informed the stock exchanges that managing director Aditya Puri has sold 12.52 lakh equity shares of the bank from 11-12 February. Puri intends to sell some more shares held by him through previous stock options already vested in his name. Shares of Sanofi India were up 3.6 per cent at Rs 7,250 on the BSE, having earlier hit a record high of Rs 7,638, after the pharmaceutical company announced a total dividend of Rs 349 per share.
Read EquityPandit’s Nifty Outlook for the Week
Yes Bank, Bharti Airtel, Bandhan Bank, Asian Paints, and IndiGo are among the stocks that may be in focus in today’s trade.