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Sensex falls 450 points, Nifty at 12,000; SBI,YES Bank, Coal India top losers

Business Today logo Business Today 06-01-2020

Benchmark indices Sensex and Nifty traded on a negative note today on back of negative global cues. BSE Sensex traded 450 points lower at 40,991 and NSE Nifty50 traded 140 points lower at 12,087.

Bombay Stock Exchange © REUTERS/Francis Mascarenhas Bombay Stock Exchange

In terms of sector, all the indices traded in the red today with over 3% fall in PSU baking and 2% media scrips, followed by 1% decline in all the other sector based indices.

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Globally, markets turned majorly red on Friday in wake of sharp spike in crude prices after a US strike eliminated a top Iranian commander. Following this, Brent crude futures rose $1.46 to $70.06 a barrel, while U.S. crude climbed $1.17 to $64.22.

Heightened Middle East tensions sent investors scurrying for the safety of gold on Monday, that hit a near seven-year high. Internationally, Spot gold surged 1.5% to $1,579.55 per ounce in jittery trade and reached its highest since April 2013. In domestic market, gold prices hit fresh record high of Rs 41,000 per 10 gram.

Indian market indices Sensex and Nifty opened Monday's trade in the red and fell over 1.3% in trade, following weak global cues. The 30-share BSE index was trading 376.66 points or 0.91 per cent lower at 41,087.95. Similarly, the broader NSE Nifty cracked 109.60 points or 0.90 per cent to 12,117.05.

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