Sensex, Nifty in red; ICICI Bank up 2%

Published: Jan 27, 2020, 11:03 am IST
Sensex, Nifty in red; ICICI Bank up 2%

Mumbai: The benchmark Sensex opened 100 points lower on Monday as stock markets globally grew increasingly anxious about the economic impact of China’s spreading virus outbreak which has claimed 80 lives.

ICICI Bank share price rose 2 per cent in the early trade after company registered a healthy 158.4 per cent year-on-year (YoY) growth in Q3FY20 profit.

At 10.28 a.m., the Sensex was down 123.41 points at 41,489.78. It opened at 41,510.68 from its previous close of 41,613.19.

The Nifty was trading lower by 39.50 points at 12,208.75.

Global oil benchmark, the Brent crude index fell over 2 per cent to $59.39 a barrel on Monday as the death toll due to coronavirus rose sharply.

Chinese health authorities on Monday informed that 2,744 confirmed cases of pneumonia caused by coronavirus, including 461 in critical conditions, had been reported in the country.