Sensex Performance News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Based on the outstanding deposits of the previous financial year, an incremental sum, perhaps 5%, can be designated as market-based deposits. Subsequently, banks can align the use of these funds to lend to borrowers matching the specified profile. For instance, if the deposit is linked to a 10-year G-Sec bond or a one-year treasury bill, a similar benchmarking should be allowed within the extended EBLR system, enabling banks to maintain the spread.

On the sectoral front, the BSE Realty index tanked 4%, Energy, Banking, Auto and Oil & Gas indices were down over 2.5%.

Hotel industry took a major hit when the outbreak began as travel came to a standstill with countries imposing curbs to prevent the spread.

In the early deals, Sensex has slipped nearly 750 points and even erased its 58,000-mark.

A broad-based selloff was recorded across sectoral indices with FMCG, IT, Healthcare, Consumer Durables, Capital Goods and Auto index weighing down the most.