Sensex slumps by 39 pts in opening trade
The Bombay Stock Exchange benchmark Sensex slumped by almost 39 points in opening trade on Thursday, extending its losses for the second straight session due to sustained selling pressure amid weak global cues.
The 30-share index, which had lost 148.52 points in the previous session, fell further by 38.96 points to 19,917.38 points in the first five minutes of trading.
The wide-based National Stock Exchange index Nifty also declined by 6.05 points to 5,985.25 points.
Meanwhile, Asian markets were trading lower in the early part of the session today after overnight losses in US markets battered the investment sentiment.
Hong Kong's Hang Seng Index was down 0.09 per cent, while Japan's Nikkei index fell by 0.41 per cent in morning trade. The US Dow Jones industrial average ended 0.21 per cent down in yesterday's trade.
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- In March 2020, EPFO had reduced the interest rate on provident fund deposits to a seven-year low of 8.5% for 2019-20. The interest rate was 8.65% in 2018-19 and 8.55% for 2017-18. The interest rate was 8.65% in 2016-17.
- The 30-share index swung nearly 633 points during the session, before ending at 50,296.89, showing a rise of 447.05 points or 0.90 per cent.