Taking Stock: Here’s what led to 700-point drop in Sensex; Nifty below 10,000

Weak global cues, AGR verdict on telcos, and the possibility of extension of the lockdown spoiled the party for bulls on D-Street on Thursday. The S&P BSE Sensex plunged more than 700 points while the Nifty50 breached its crucial support placed at 10,000 levels.

Let’s look at the final tally on D-Street – the S&P BSE Sensex was down 708 points to 33,538 while the Nifty50 fell 214 points to 9902.