(Anjali Shreya, Intern Journalist): After Monday, the stock market opened with weakness on Tuesday, where selling in Reliance Industries and banking continued. The delay in relief packages in the US along with the fast-growing cases of corona across the world caused the market to collapse.
At 9.30 am, the BSE Sensex was recorded at 40,039 with a weakness of 109 points or 0.27 percent. At the same time, the Nifty 50 index also declined by 41 points, or 0.35 percent, to trade at the level of 11,727.
The BSE Midcap index was down by a quarter percent and the smallcap index by half a percent. The BSE Realty Index dived 1.25%. Energy, metal, and oil and gas indices were broken by one percent each. Capital goods and consumer durables index strengthened by half-a-half percent.
IndusInd Bank shares fell 2.87 percent to the level of Rs 598.60 on the BSE Sensex. ICICI Bank shares fell 2.33 percent to Rs 395.50. ONGC, State Bank of India, and HDFC shares lost 1.86 percent, 1.83 percent, and 1.44 percent respectively.
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