It was yet another weak session for Indian markets on May 7, as the Sensex plunged more than 200 points and the Nifty50 slipped below 9,200, wiping out most of the gains made the previous day.
The final tally on D-Street: the S&P BSE Sensex slipped 242 points to 31,443 while the Nifty50 closed 71 points lower at 9,199.
Sectorally, some rally was seen in the energy sector while profit taking was visible in power, utilities, consumer durables, telecom, and public sector stocks.
In the broader market space, the S&P BSE Midcap index fell 0.53 percent and the S&P BSE Smallcap index was down 0.14 percent.
The Nifty held on to 9,100 levels on another volatile day of trade. Bluechip financial stocks contributed most to the losses due to an anticipated increase in NPAs during this period.
Global cues and coronavirus cases will give direction to the market. Any sign of extension of lockdown could be taken negatively by the Street.
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