MARKET LIVE: Sensex drops 500 pts, tests 52K; FMCG stocks outperform - Business Standard

LIVE market updates: Domestic equity markets extended their losses and were trading nearly 1 per cent down on Tuesday as investors turned pessimist over rising Delta variant of Covid-19 cases globally, fear of possible lockdown and impact of rising inflation on economic recovery.

The S&P BSE Sensex quoted at 52,096 levels in early deals, down 490 points while the Nifty was at 15,587, down 165 points. In the broader markets, the BSE MidCap and SmallCap indices tumbled over 1 per cent each.

In global markets, equities fell in Japan, Australia and South Korea on Tuesday but the drops were orderly. Japan’s Topix index fell 1%, Australia’s S&P/ASX 200 index fell 0.9% and South Korea’s Kospi index fell lost 0.4%. S&P 500 and Nasdaq futures, meanwhile, gained 0.4% each.

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MARKET LIVE: Sensex drops 500 pts, tests 52K; FMCG stocks outperform - Business Standard
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