Mumbai: Market is badly hit by coronavirus fears and Yes Bank crisis. Sensex closed on March 6, 2020 at 893.99 points lower at 37,576.62. Similarly, Nifty ended 279.55 points low at 10,989.45.
In the previous season, Sensex closed on March 5, 2020 at 61.13 points higher at 38,470.61. Similarly, Nifty ended 18.00 points high at 11,269.00.
Tata Motors, Zee Entertainment, Tata Steel, SBI and IndusInd Bank were among major losers on the Nifty, while gainers were Bajaj Auto, Maruti Suzuki, GAIL, and Asian Paints. The rupee is trading at 73.805 against the dollar.
The Reserve Bank of India (RBI) on Thursday said a “moratorium” has been imposed on Yes Bank stressing that the bank’s financial capability has undergone a steady decline largely due to inability of the bank to raise capital. During the period of moratorium, the Yes Bank Limited shall not, without the permission in writing of the Reserve Bank of India, make, in the aggregate, payment to a depositor of a sum exceeding Rs. 50,000 lying to his credit, in any savings, current or any other deposit account.
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