Global sell-off, re-lockdown fear: 5 reasons why Sensex slipped 1066 pts

Markets ended over 2.5 per cent lower on Thursday – snapping a 10-day rally – with the S&P BSE Sensex slipping 1,066 points to end the day at 39,728 levels. On the other hand, the Nifty50 index lost 291 points to settle at 11,680 levels. Besides, weakness in global markets due to renewed restrictions in European countries to stem the possible second wave of coronavirus (Covid-19) turned Dalal Street into a sea of red.

In the intra-day deals, the benchmark S&P BSE Sensex tumbled 1,127 points, or 2.7 per cent, at 39,684 levels. The broader Nifty50 had plummeted 310 points