Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity market benchmarks BSE Sensex and Nifty 50 settled over 3 per cent lower on Tuesday led by sell-off in private banks and IT stocks. The 30-share Sensex ended 1,011 points or 3.20 per cent down at 30,636. While the broader Nifty 50 index settled at 8,981, down 280 points or 3.03 per cent. Out of all 30 stocks that constitute S&P BSE Sensex, 26 shares trading in negative territory with IndusInd Bank as the top Sensex loser down 12.41 per cent, followed by Bajaj Finance, ICICI Bank and Axis Bank. While Bharti Airtel, Hero MotoCorp, RIL and Nestle India were the only gainers on the Sensex. Barring Nifty Pharma, all the sectoral indices ended in negative territory. The Nifty Private Banks index was down nearly 6 per cent dragged by IndusInd Bank, Bandhan Bank and RBL Bank. On the other hand, Nifty Pharma index was up more than 2.5 per cent, led by gains in Aurobindo Pharma, Cadila Healthcare and Dr Reddy’s Laboratories.
The price on the futures contract for West Texas crude that is due to expire Tuesday fell into negative territory — minus $37.63 a barrel. The reason: with the pandemic bringing the economy to a standstill, there is so much unused oil sloshing around that American energy companies have run out of room to store it. And if there’s no place to put the oil, no one wants a crude contract that is about to come due.