Sensex, Nifty Snap Four-Day Winning Streak Led By Losses In Reliance Industries, HDFC

S&P BSE Sensex and NSE Nifty 50 indexes snapped their four-day winning streak dragged by losses in Reliance Industries, Kotak Mahindra Bank, ICICI Bank, Larsen & Toubro, IndusInd Bank and Bharti Airtel. Since the Budget, which was presented by Finance Minister Nirmala Sitharaman on Saturday, the Sensex has and Nifty have surged 4 per cent each. Concerns about the economic impact from a coronavirus epidemic led to a downturn in global sentiment which impacted Indian stocks as well. Asian share markets fell on Friday and oil price gains stalled, as the growing death toll and economic damage from the coronavirus outbreak snuffed out a late-week rally.