Read more about Sensex tumbles over 550 pts; Asian shares mixed on Business Standard. The benchmark indices further extended losses and hit fresh intraday low in mid-morning trade. The Nifty was trading below the 14,850 mark. Rising treasury yields and the possibility of another lockdown in Maharashtra weighed on the investors
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.
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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.
Torrent Power jumped 5.08% to Rs 383.35 after the company emerged as the highest bidder for acquisition of 51% stake in the power distribution company in the Union Territory of Dadra & Nagar Haveli and Daman & Diu.The acquisition is subject to further formalities as prescribed under the tender documents. The bidding for the distribution business of the Union Territory has been undertaken as part of the Government of India s initiative to privatize distribution utilities of Union Territories to usher in efficiency, which will provide a model for emulation by other utilities across the country.
Torrent Power said it currently distributes nearly 16.66 billion units to over 3.65 million customers in the cities of Ahmedabad, Gandhinagar, Surat, Dahej SEZ and Dholera SIR in Gujarat; Bhiwandi, Shil, Mumbra and Kalwa in Maharashtra and Agra in Uttar Pradesh.