Markets snap record run as virus caseload weighs

Mumbai, November 19

The Bombay Stock Exchange benchmark Sensex and NSE’s Nifty retreated from record highs on Thursday following heavy profit-booking in financial stocks amid a weak trend in global markets due to rising Covid cases in multiple countries.

Sensex sinks 580 pts

• After briefly touching its record intra-day high of 44,230 in a volatile session, the BSE Sensex ended 580.09 points lower at 43,599.96.

A depreciating rupee and concerns over frothy valuations further dented risk appetite, traders said.

After briefly touching its record intra-day high of 44,230 in a volatile session, the 30-share BSE Sensex ended 580.09 points lower at 43,599.96.

Similarly, the Nifty hit a fresh intra-day peak of 12,963, before ending 166.55 points down at 12,771.70. — PTI