Taking Stock: Fear of spike in bad loans leads to profit taking; Nifty holds 11,100

Jul 27, 12:26 PM
Weak global cues, rise in COVID-related cases, and expectations of a surge in bad loans in 2020 led to profit booking on D-Street. The S&P BSE Sensex fell nearly 200 points to close below 38000 while the Nifty50 managed to hold on to 11,100.

Let’s look at the final tally on D-Street – the S&P BSE Sensex fell 194 points to 37,934 while the Nifty50 closed 62 points lower at 11,131.