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Stock market News - Bloodbath on D-St as Nifty below 11,300, Sensex plunges 1,100 pts



All the sectoral indices slipped between 1 to 3 percent. BSE Midcap and Smallcap indices down over 2 percent each.

Market Opens: Indian indices continue to remain under pressure for the sixth consecutive day on February 28 with Nifty slipped below 11,400 on the back worries over outbreak of Coronavirus.
At 09:17 hrs IST, the Sensex is down 1,071.62 points or 2.70% at 38674.04, and the Nifty down 319.80 points or 2.75% at 11313.50. About 110 shares have advanced, 873 shares declined, and 31 shares are unchanged. 
Top losers are Tata Motors, Hindalco, Tata Steel, Bajaj Finance, Yes Bank, Gail and M&M.
Rupee Opens: The Indian rupee slipped in the early trade on Friday. It has opened lower by paise 38 at 71.93 per dollar versus Thursday's close 71.55. 

TVS Motor opens new showroom: The company inaugurates its flagship showroom in El Salvador. The new showroom will showcase the technology and quality prowess synonymous with TVS Motor Company. 

Godrej Properties bags new project: The company has entered into an agreement to purchase land in the upcoming & fast developing micro-market of Chandivali, Mumbai. 

Gold Update: Gold prices held steady on Friday as mounting concerns over the rapid spread of the coronavirus and its impact on global economy lifted expectations of rate cuts by major central banks, though profit-taking capped gains. 

Crude Update: Oil prices fell for a sixth straight session on Friday and were on track for about a 12% weekly fall, the biggest in more than four years, as the spread of the coronavirus outside China raised fears of slowing global demand.

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