{"id":9313,"date":"2021-04-30T10:40:48","date_gmt":"2021-04-30T10:40:48","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/04\/30\/sensex-nifty-tumble-amid-bank-selloff\/"},"modified":"2021-04-30T10:40:48","modified_gmt":"2021-04-30T10:40:48","slug":"sensex-nifty-tumble-amid-bank-selloff","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/04\/30\/sensex-nifty-tumble-amid-bank-selloff\/","title":{"rendered":"Sensex, Nifty Tumble Amid Bank Selloff"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares succumbed to heavy selling pressure on Friday, with banks and financials among the worst hit. <\/p>\n<p>The benchmark 30-share BSE Sensex slumped as much as 983.58 points, or 1.98 percent, to 48,782.36, snapping a four-day winning streak.<\/p>\n<p>The broader NSE Nifty index ended down 263.80 points, or 1.77 percent, at 14,631.10 on the back of weak Asian cues and amid unabated rise in COVID-19 cases in the country as the Health Ministry reported another record number of new cases.<\/p>\n<p>Traders also looked ahead to the outcome of state assembly election results due on Sunday for direction.<\/p>\n<p>Both the Sensex and Nifty had opened in the red and slipped further as the session progressed. <\/p>\n<p>Asian Paints, Kotak Mahindra Bank, ICICI Bank, HDFC Bank and HDFC lost 3-4 percent, while IOC, Divis Laboratories, Grasim, Coal India and ONGC climbed 2-4 percent. <\/p>\n<p>Reliance Industries gave up 1.4 percent ahead of its earnings release later in the day. <\/p>\n<p>Globally, other Asian <span class=\"landLinks\">markets<\/span> fell broadly on pandemic worries and concerns about China&#8217;s crackdown on tech companies, while European markets were slightly higher in early trade. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty Tumble Amid Bank Selloff<\/a><br \/>\n<br \/>2021-04-30 10:40:48<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares succumbed to heavy selling pressure on Friday, with banks and financials among the worst hit. The benchmark 30-share BSE Sensex slumped as much as 983.58 points, or 1.98&#8230;<\/p>\n","protected":false},"author":2,"featured_media":9314,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":{"0":"post-9313","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-asian-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=9313"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9313\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/9314"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=9313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=9313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=9313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}