Sensex down by 589 pts

The BSE index on Monday dropped by 589 pts to open at 29,226.55 as heavy selling in finance, materials, industrial, auto and banks.

Though there were no plan to extend lockdown as per report but panic among investors dragged the market further.

The Nifty too fell by 107 pts to 8552.10.

The NSE registered intra day high and low at 8568.35 and 8,333.60.

The sectoral indices that tumbled down were finance, banks, auto and capital goods.

The losers were Bajaj finance by 7.84 pc to 1,905.70 M and M by 5.09 pc to Rs 278, HDFC by 4.56 pc to Rs 1,672, Tata Steel by 4.18 pc to 265.

The gainers were TCS by 4.79 pc to Rs 1,905.70, Axis Bank by 3.98 pc to Rs 374, tech Mahindra by 3.80 pc to Rs 522.75 and Hindustan Lever by 1.97 pc to Rs 2,182.40.