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Sensex, Nifty turn green after paring initial losses – Times of India

NEW DELHI: Equity indices turned green on Tuesday in a highly volatile trade as the deadly coronavirus remained a major risk to economic growth. The benchmark BSE sensex surged 614 points or 1.96 per cent to 32,004; while the broader NSE Nifty jumped 186 points or 2.03 per cent to 9,384.
Sensex tanked 515 points or 1.64 per cent to 30,875 in opening trade; while Nifty moved 150 points ot 1.62 per cent lower to 9,047.
Major gainers in the BSE pack include Sun Pharma, Tata Steel, HCL Tech, PowerGrid, IndusInd Bank and ONGC with their shares rising as much as 6.72 per cent.
On the NSE platform, sub-indices Nifty Metal and Pharma rose as much as 4.43 per cent.
Sensex had logged its second-biggest drop in absolute terms on Monday, as the coronavirus pandemic continued to wreak havoc on the global markets. The highest drop in terms on points (2,919) was recorded on March 12.
The 30-share BSE index had plunged 2,713 points or 7.96 per cent to finish at 31,390. And, Nifty gave up the 9,200 level, slumping 758 points or 7.61 per cent to end at 9,197.
On the global front, most Asian shares fell just a day after Wall Street’s historic market rout, with fleeting initial gains evaporating as the coronavirus turned pandemic.
Covid-19 has so far claimed over 6,000 lives and infected more than 1,62,000 people across the globe.
(With agency inputs)