Market LIVE Updates: Nifty below 17,200, Sensex slips 1,370 pts dragged by realty, auto, metal, banks

Market LIVE Updates: Nifty below 17,200, Sensex slips 1,370 pts dragged by realty, auto, metal, banks

Indian equity benchmarks extended losses on Friday with the benchmark S&P BSE Sensex falling more than 1,200 points and Nifty 50 index dropping below its important psychological level of 17,200 on weak global cues after investor sentiment was dented by detection of a new and possibly vaccine-resistant coronavirus variant. Reliance Industries, HDFC, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Infosys and State Bank of India were among the top drags on the Sensex. Asian stocks suffered their sharpest drop in two months on Friday after the detection of a new and possibly vaccine-resistant coronavirus variant sent investors scurrying toward the safety of bonds, the yen and the dollar. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.3 per cent, its sharpest drop since September. Casino and beverage shares sold …
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