Read more about Nifty ends below 14,700; metal stocks outperform on Business Standard. Domestic shares plunged on Monday with the Nifty falling below the 14,700 mark. Rising COVID-19 cases and negative global cues triggering spoiled sentiment. The selling was broad based, however, metal shares bucked trend on firm copper prices.
Domestic shares plunged on Monday with the Nifty falling below the 14,700 mark. Rising COVID-19 cases and negative global cues spoiled sentiment. Barring the Nifty Metal index, all the sectoral indices on the NSE ended in the red. Metal shares were in demand on firm copper prices.
The barometer index, the S&P BSE Sensex, slumped 1,145.44 points or 2.25% to 49,744.32. The Nifty 50 index lost 306.05 points or 2.04% to 14,675.70.
TCS (down 3.69%), Reliance Industries (down 3.52%), HDFC (down 3.04%) and Infosys (down 2.06%) were major drags.
In the derivatives market, the NSE s Volatility Index (VIX), a gauge of market s expectation of volatility over the near term, surged 14.47% to 25.47.
Highlights
India has been witnessing rising COVID-19 cases over the past few days.
The total active caseload increased to 1,45,634 on Sunday.
New Delhi: Amid a surge in COVID-19 confirmed cases, the Centre on Sunday (February 21, 2021) directed states to increase the surveillance and conduct more RT-PCR tests. India has been witnessing rising COVID-19 cases over the past few days and the total active caseload increased to 1,45,634 on Sunday. It now consists of 1.32% of India s total coronavirus positive cases.
Five states and UTs have a weekly positivity rate more than the national average. According to the Ministry of Health and Family Welfare (MoHFW), more than 74% of the active cases of the country are in Kerala and Maharashtra.
New Delhi [India], February 20 (ANI): The cumulative number of COVID-19 vaccine doses administered to healthcare and frontline workers crossed over 1.08 crore on Saturday in the country, said the Ministry of Health and Family Welfare (MoHFW).
New Delhi [India], February 19 (ANI): The cumulative number of COVID-19 vaccine doses administered to healthcare and frontline workers crossed over 1.04 crore on Friday in the country, said the Ministry of Health and Family Welfare (MoHFW).