Sensex Crashes As Stimulus Fails To End Fears

Equity benchmark Sensex plunged over 1,709 points on Wednesday as talk of stimulus measures to cushion the economic blow of the Covid-19 pandemic failed to cheer markets across the globe.

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The BSE barometer swung over 2,488.72 points in a highly volatile session, before ending 1,709.58 points or 5.59 per cent lower at 28,869.51.

Similarly, the broader NSE Nifty settled 498.25 points, or 5.56 per cent, down at 8,468.8.

IndusInd Bank was the top loser in the Sensex pack, plummeting over 23 per cent. PowerGrid, Kotak Bank, Bajaj Finance, HDFC Bank and NTPC also finished significantly lower.