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.
Adam KlasfeldFeb 22nd, 2021, 2:50 pm
Positioned by President
Joe Biden as an attorney general nominee whose bipartisan bona fides can restore public confidence in the Department of Justice, Judge
Merrick Garland spent most of the first day of his confirmation hearing affirming that he will repair the wall between the prosecutor’s office and the White House.
“Too many in the Department’s senior roles cast aside the rule of law,” Judiciary Committee Chairman
Dick Durbin (D-Ill.) noted. “Trump appointees in the Department sidelined career public servants from line attorneys to FBI agents limiting their roles, disregarding their nonpartisan input, overriding their professional judgments, and falsely accusing them of being members of the ‘deep state.’”
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Share Market Highlights: Sensex ends 1,145 points lower, Nifty at 14,675; M&M, TCS, L&T, Dr Reddy top losers
Stock Market News Updates Today: M&M, Axis Bank, L&T, Maruti traded among the top losers on Sensex pack. Meanwhile, ONGC, HDFC, Tech Mahindra traded among the top gainers
BusinessToday.In | February 22, 2021 | Updated 17:58 IST
Share Market News: Here s a look at the updates of the market action on BSE and NSE today
Sensex, Nifty Highlights on February 22: Share market indices turned volatile and ended majorly lower on Monday, amid mixed global equities. Extending fall for the fifth consecutive session, the Sensex ended 1,145 points lower at 49,744 and NSE Nifty 50 index lost 306 points to 14,675. Traders said markets are experiencing correction after significant gains made post the Union Budget and positive quarterly results. Further, fresh concerns over the increase in the number of infected COVID-19 cases contributed to investing fears. Last Friday, the S&P BSE
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.