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Sensex tanks 2,000 points. Key triggers for today's market slump

China Usa India economy Government crisis Coronavirus
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A big selloff in banking stocks drove Indian markets sharply lower today. Extension of lockdown and weak global markets amid rising US-China tensions sapped optimism that had led to 14% gains in April.

The Sensex today slumped 2002 points or 6% to close at 31,715 while Nifty plunged 5.75% to 31,715. The government on Friday extended the nationwide coronavirus lockdown for another two weeks while easing some restrictions in lower-risk zones.

Banking stocks led the fall today with Nifty Bank index slumping 8.3% today on concerns that bad debts may spike after coronavirus crisis brought the economy to a sudden halt.

HDFC Bank, Bandhan Bank, Axis Bank, IndusInd Bank, Federal Bank and ICICI Bank fell between 7% and 10%. India's manufacturing

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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