India vs world markets: India is in a better space

<div>
	Equities continued to slide on Thursday due to the absence of any positive triggers.&nbsp;</div>
<br />
<div>
	The S&P BSE Sensex lost 470 points or 1.29 per cent to settle at 36,093.47, with YES Bank (down 16 per cent) being the biggest laggard and Tata Motors (up 2 per cent) the top gainer. During the session, the index hit an intra-day high and low of 36,613.93 and 35,987.80, respectively. Only 4 out of 30 constituents ended in the green while the rest 26 declined.&nbsp;</div>
<br />
<div>
	Reliance Industries (RIL), ICICI Bank, TCS, HDFC and Infosys contributed the most to the Sensex&#39;s fall.&nbsp;</div>
<br />
<div>
	In the broader market, the S&P BSE MidCap index dipped 154 points or 1.15 per cent to 13,285 levels, and the S&P BSE SmallCap index closed at 12,703.27, down 191 points or 1.48 per cent.</div>
<br />
<div>
	ON NSE, the broader Nifty50 index settled at 10,705, down 136 points or 1.25 per cent.</div>
<br />
<div>
	Volatility index India VIX surged nearly 2 per cent to settle at 15.60 levels.&nbsp;</div>
<br />
<div>
	Sectorally, all the sectoral indices on the NSE ended in the red. Media stocks bled the most - 4.41 per cent to 1,786 levels, followed by PSU banks and metal stocks.&nbsp;</div>
<br />
<div>
	<strong>GLOBAL MARKETS&nbsp;</strong></div>
<br />
<div>
	Asian shares turned lower on Thursday after the US Federal Reserve cut interest rates as expected but signalled a higher bar to further policy easings. MSCI&rsquo;s broadest index of Asia-Pacific shares outside Japan fell 0.36 per cent. Hong Kong shares shed 0.96 per cent, but Japan&rsquo;s Nikkei rose 1.01 per cent.&nbsp;</div>
<br />
<div>
	US stock futures fell 0.23 per cent in Asia on Thursday. The S&P 500 reversed losses to end 0.03% higher after Powell said he did not see an imminent recession or think the Fed will adopt negative rates.</div>
<br />
<div>
	<strong><em>(With inputs from Reuters)</em></strong></div>
<br />

MARKET WRAP: Sensex slumps 470 pts, Nifty ends at 10,705; YES Bank dips 16%

Business Standard

MARKET WRAP: Sensex slumps 470 pts, Nifty ends at 10,705; YES Bank dips 16% | News on Markets - Business Standard

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/1568860663063.png

Good morning!<br />
<br />
Welcome to the Business Standard live blog,<br />
<br />
Catch all the live market updates here.

MARKET WRAP: Sensex slumps 470 pts, Nifty ends at 10,705; YES Bank dips 16%

All that happened in markets today.

US Market Check