Sensex slumps 674 points; Nifty drops below 8,100

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Mumbai: Sensex slumps 674 points; Nifty drops below 8,100. Equity benchmark Sensex tumbled 674 points on Friday, weighed by losses in banking stocks as unabated spike in new COVID-19 cases fuelled uncertainty over the economic impact of the pandemic. After hitting a low of 27,500.79 during the day, the 30-share BSE barometer ended 674.36 points or 2.39 per cent lower at 27,590.95. The NSE Nifty shed 170 points, or 2.06 per cent, to finish at 8,083.80.

Axis Bank was the top loser in the Sensex pack, cracking over 9 per cent, followed by IndusInd Bank, ICICI Bank, Titan, SBI, Maruti, HDFC and Asian Paints.

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