Auto, Metal Stocks Drag Markets Down, Sensex Slips Under 41,000

Sensex lost 172.78 points to close at 40,982.34, while Nifty finished at 12,060.25, down 58.75 points.

A man watches Indian Indian stock market indices on a display screen on the facade of the Bombay Stock Exchange (BSE).

(Photo: AP)

Equity markets witnessed another day of significant losses as both Sensex and Nifty lost half a percent on Tuesday, 28 January.

The 30-share BSE index lost 172.78 points to close at 40,982.34, while the broader 50-share NSE index finished at 12,060.25, down 58.75 points.

Auto and metal stocks lost the most with the Nifty Auto and Nifty Metal sub-indices 1.23 percent and 2.39 percent, respectively.

Volatility reigned in the markets amid a global selloff triggered by concerns over the impact of rapidly-spreading coronavirus on world economies, they added.

Bourses in Japan and South Korea were trading with sharp losses, while markets in China, Korea and Hong Kong were closed for a holiday.

Brent crude oil futures fell 0.61 per cent to $58.22 per barrel. The rupee appreciated 5 paise to 71.38 against the US dollar in morning session.