Indian benchmark indices were on recovery mode as domestic stock trading resumed after a 45-minute halt on Friday. Exhibiting signs of sharp recovery Sensex gained 1,900 points to 31,327.50 after early loss. Nifty, which had touched a low of 8,553.95 is near 9,100.
The trading pause seemed to have aided the rupee, too. After touching a life-time low of 74.5075 against the US dollar in early trading, the rupee has recovered sharply, up 20 paise against the US dollar at 74.04
The stock exchanges paused trading for 45 minutes after both indices plunged over 10 per cent, hitting their lower circuit limits, within the first 15 minutes of opening of the session over coronavirus outbreak. Soon after the trading resumed, both Sensex and Nifty continued its downward spiral. Sensex was trading 3,380.59 points, down 10.31 per cent at 29,397.55. It hit an intra-day low of 29,388.97, falling up to 3,389.17 points.
Similarly, the NSE Nifty cracked 1,036.20 points, or 10.80 per cent, to 8,553.95 after resumption of trade. However, soon it recovered
Tech Mahindra was the top loser on Sensex, cracking up to 15 per cent, followed by Axis Bank, IndusInd Bank, HCL Tech, Kotak Bank and TCS.
