Sensex crashes over 900 points on crude oil woes, Nifty below 9,000

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NEW DELHI: Equity indices plunged within the opening session on Tuesday with the benchmark BSE Sensex falling over 900 points after US crude futures crashed below zero as demand collapses due to the coronavirus pandemic. 

The 30-share BSE index fell 944 points or 2.98 % to 30,704; whereas the broader NSE Nifty crashed 278 points or three % at 8,984. 
Excessive laggards throughout the Sensex pack included IndusInd Monetary establishment, Tata Steel, Bajaj Finance, Axis Monetary establishment, Maruti, ICICI Monetary establishment and ONGC with their shares falling as quite a bit as 7.24 %. 
On NSE, Nifty Auto, Monetary establishment, Private Monetary establishment, and Media dragged as quite a bit as 4.39 %. 

US oil prices crashed to unprecedented lows Monday as futures in New York resulted in damaging territory for the first time amid a devastating present glut that has pressured retailers to pay others to take the crude off their arms. 
Inside the earlier session, Sensex closed higher for the third consecutive day, after swinging between optimistic components and losses. At shut, the Sensex was up 59.28 points or 0.19 % at 31,648. Whereas, the NSE barometer Nifty was down 4.90 points or 0.05 % at 9,261.85. 
Within the meantime, the rupee declined by 14 paise to 76.53 in direction of the US buck amid strengthening of the American foreign exchange overseas and a sharp rise in coronavirus cases throughout the nation.

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