Taking Stock: Coronavirus jitters grip D-St for the 2nd day; Sensex below 41K

Episode 2163,   Jan 28, 2020, 11:15 AM

Coronavirus jitters gripped D-Street for the second day in a row on Tuesday which pushed the S&P BSE Sensex lower by nearly 200 points while the Nifty50 broke its crucial support at 12,100, and 50-Days Exponential Moving Average (EMA) placed at 12088.

Brent oil prices stabilised above $59, safely above their three-month low of $58.50 and 10-year U.S. Treasury yields stabilised above 1.60% after briefly dipping below that level on Monday, said a Reuters report.