Sensex, Nifty Decline; Banks Fall On RBI’s Rising Unhealthy Loans Warning

Sensex, Nifty Decline; Banks Fall On RBI's Rising Bad Loans Warning

The S&P BSE Sensex and NSE Nifty 50 indexes opened decrease in commerce on Tuesday on the again of weak point in banking and monetary providers shares after the Reserve Financial institution of India warned that the banks might even see dangerous loans double regardless of indicators of an enchancment within the financial affect of the COVID-19 pandemic. In the meantime, weak point in different Asian markets additionally added to somber investor sentiment on Dalal Road. The Sensex fell as a lot as 187 factors to hit an intraday low of 49,082.04 and Nifty declined as a lot as 52 factors to hit low of 14,484.75.

As of 9:23 am, the Sensex was down 105 factors at 49,164.22 and Nifty declined 24 factors to 14,460.

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