Taking Stock: Another 1000-point drop in Sensex; Nifty snaps 4-day winning streak

Weak global cues, rise in Coronavirus cases across the world, stress on banking stocks, as well as fears of a global recession which probably triggered institutional selling weighed on markets on Monday.

Let’s look at the final tally on D-Street – the S&P BSE Sensex fell 1375 points to close at 28,440 while the Nifty50 closed 379 points lower at 8281. Nifty is back below 8300 after 2 sessions which suggests that bears have regained their foothold.