Sensex closes below the 51,000-mark by tumbling 435 points

The Sensex slipped below the 51,000-mark collapsing to 435 points on Friday having ONGC as the top loser in the Sensex pack, shedding around 5 per cent, followed by SBI, Axis Bank, ICICI Bank, Bajaj Auto and Maruti. However, IndusInd Bank, HUL, Dr Reddy’s, NTPC and Reliance Industries were among the gainers.
The 30-share BSE index ended 434.93 points or 0.85 per cent lower at 50,889.76.
The NSE Nifty on the other hand gave up the 15,000 level, dropping 137.20 points or 0.91 per cent to 14,981.75.
The markets in Tokyo ended on a negative note, while Shanghai, Hong Kong and Seoul closed positively. Stock exchanges in Europe were also trading in the positive terrain in mid-session deals.
Meanwhile, the global oil benchmark Brent crude was trading 1.24 per cent lower at USD 63.14 per barrel.
Report by Chetali S M
Reported on – 19/02/2021