Taking Stock: Fear of spike in bad loans leads to profit taking; Nifty holds 11,100
Episode 2738, Jul 27, 2020, 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.
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.