sensex today: Sensex crashes over 900 points on crude oil woes, Nifty below 9,000 – Times of India

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NEW DELHI: Equity indices plunged in 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 per cent to 30,704; while the broader NSE Nifty crashed 278 points or 3 per cent at 8,984.
Top laggards in the sensex pack included IndusInd Bank, Tata Steel, Bajaj Finance, Axis Bank, Maruti, ICICI Bank and ONGC with their shares falling as much as 7.24 per cent.
On NSE, Nifty Auto, Bank, Private Bank and Media dragged as much as 4.39 per cent.
US oil prices crashed to unprecedented lows Monday as futures in New York ended in negative territory for the first time amid a devastating supply glut that has forced traders to pay others to take the crude off their hands.
In the previous session, sensex closed higher for the third consecutive day, after swinging between gains and losses. At close, the sensex was up 59.28 points or 0.19 per cent at 31,648. While, the NSE barometer Nifty was down 4.90 points or 0.05 per cent at 9,261.85.
Meanwhile, the rupee declined by 14 paise to 76.53 against the US dollar amid strengthening of the American currency overseas and a sharp rise in coronavirus cases in the country.

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