Both the Sensex and Nifty posted their worst monthly fall since October 2008 and their worst annual fall since 2009 due to the coronavirus-led selloff and a sluggish domestic economy.

The broader Nifty ended 3.82% higher at 8,597.75 and the benchmark Sensex closed up 3.62% at 29,468.49. (Reuters file photo)

Indian shares closed higher on Tuesday, tracking broader Asian markets, but recorded their worst monthly and yearly performance in over a decade as the country grappled with the disruption caused by the fast-spreading coronavirus.

The broader Nifty ended 3.82% higher at 8,597.75 and the benchmark Sensex closed up 3.62% at 29,468.49.

However, both the indexes posted their worst monthly fall since October 2008 and their worst annual fall since 2009 due to the coronavirus-led selloff and a sluggish domestic economy.

India reported its steepest single-day rise of 227 fresh coronavirus cases by Monday evening, taking the total number of infected people to 1,251.

The rising cases come amid a 21-day lockdown that began last week, and which the government said it had no plans to extend.

The country’s benchmark 10-year bond yield was at 6.08%, compared with its previous close of 6.21%, while the rupee strengthened 0.15% against the dollar by 1011 GMT on Tuesday.

In the equities market, metal stocks gained the most among sectors, with the Nifty metals index closing up 5.19%. The Nifty pharma index gained 4.07%.

Oil refiner Bharat Petroleum Corp Ltd rose 15.3% and was the top gainer among the blue-chip stocks, while Indusind Bank shed 15% and was the top laggard.

Get real-time alerts and all the news on your phone with the all-new India Today app. Download from

  • Andriod App
  • IOS App

Source Article