Sensex ends 394 points lower, snaps 3-days of gains; Banks, financials drag

Live Mint 
August 20, 2020

Indian benchmark equity indices snapped three straight days on gains on Thursday to close in the red, dragged by banks and financial stocks. Selloff in global markets after US Fed's gloomy economic outlook also spooked investors.

Indian benchmark equity indices snapped three straight days of gains on Thursday to close in the red, dragged by banks and financial stocks. Selloff in global markets after US Fed's gloomy economic outlook also spooked investors.

Sensex settled at 38,220.39, down 394.40 points or 1.02%. Nifty ended 96.20 points or 0.84% lower at 11,312.20.

NTPC, closing nearly 7% higher, was the top Sensex gainer followed by ONGC, Power Grid, Tata Steel and HCL Tech. HDFC, Axis Bank, ICICI Bank and Bharti Airtel were among the laggards. Of 30 Sensex shares, 25 closed in the red.

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