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Published on 31/01/2020 3:12 | Source: ANI

Sensex down by 285 points over China epidemic worries, FMCG and pharma stocks drag

Posted in Business Videos| #Business

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New Delhi :

Equity benchmark indices ended lower on Thursday as concerns over the spread of coronavirus from China prompted investors heading for safer bets ahead of the Union Budget for 2020-21. The BSE S&P Sensex closed 285 points lower at 40,914 while the Nifty 50 declined by 94 points at 12,036. All Sensex down by 285 points over China epidemic worries, FMCG and pharma stocks drag Sensex Nifty Yes Bank Reliance Industries Asian stocks coronavirus from China sectoral indices at the National Stock Exchange were in the red with Nifty pharma down by over 2 per cent, FMCG by 1.5 per cent, metal by 1.4 per cent and PSU bank by 1.3 per cent. Among stocks, Yes Bank showed a decline of 5.1 per cent at Rs 39.10 per share after India Ratings and Research (Ind-Ra) maintained its long-term issuer rating of A on rating watch negative (RWN) and withdrew its short-term issuer rating of A1.