Nifty opens below 8,400-mark; Bajaj Finance, IndusInd Bank stocks underperform

All Nifty sectoral indices were trading in the red, Bank Nifty down over 4%.

Mar 30, 2020 03:03 IST India Infoline News Service

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Equity benchmark indices opened in the negative zone taking clues from global markets. All Nifty sectoral indices were trading in the red, Bank Nifty down over 4%.

The Sensex is down over 900 points and the Nifty down 3.45% at 8,350. Around 225 shares have advanced, 670 shares declined, and 67 shares are unchanged.

The Indian rupee slipped by 33 paise at 75.18 per dollar against the previous close of 74.85/$.

Meanwhile, Asian indices opened in the red as markets digested last week's strong pullback rally with the Japanese Nikkei trading lower by 4% after being an outlier last week. The only exception in early trade was the Australian index, which traded higher over 1.5% in expectation of another large stimulus package to be announced by the Central bank later today.

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