Updated Dec 21, 2020 | 21:41 IST
Sensex tanked over 1,600 points while Nifty fell below the 13,500 level, which mainly slid due to selling in financials and private banks. Key factors that triggered the bloodbath on Dalal street New coronavirus strain to crude crash: 7 factors that led to mayhem on Dalal Street on Monday
New Delhi: Markets erased all the gains made in the previous six days because of across-the-board selling pressure following the virus scare in the UK and likely fallout in Brexit negotiations.
Sanjeev Hota, Head of Research, Sharekhan by BNP Paribas, said: The Indian equities tumbled as a new strain of coronavirus in the UK created panic among the investors. Also, the overhang of Brexit talks has added to negative sentiments. Further lack of depth in the market owing to the holiday season aided the big fall today. We expect the equities market to witness further volatility in the near term. Nevertheless, correction after the big r
Updated Dec 21, 2020 | 14:37 IST
Both the benchmark indices witnessed a heavy correction after gaining for seven weeks in a row. All sectoral indices ended lower in today s session. Sensex sinks over 1,400 points amid new coronavirus strain, Nifty posts biggest single-day drop since May 2020 | Photo Credit: BCCL
New Delhi: It was an absolute bloodbath on Dalal Street on Monday. India s equity markets witnessed their biggest single-day drop in seven months as a new strain of Covid-19 in parts of the United Kingdom dampened investor sentiment. The S&P BSE Sensex tanked 3% or over 1,400 points to end at 45,553. It managed to end 600 points higher than the lowest point of the day.