PTI
The markets will continue with the downward trend today and possibly this week with the rising number of COVID cases in Maharashtra and also the possiblility of a second lockdown, according to stock market experts.
The 30-share BSE benchmark Sensex was trading 1,189.83 points lower at 47,642.20, and the broader NSE Nifty was down 340.60 points at 14,277.25.Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 437.51 crore on Friday, according to exchange data.
Ajay Kejriwal, Head Broking and Distribution vertical,
Choice Group, said though the Centre has given no indication of a lockdown, there state government will have to announce one with the rising number of COVID cases. Selloff was witnessed in across sectors during the initial trade led by banking and financial stocks.
Sensex Tanks Over 1,300 Points On Spiking Covid-19 Cases; Nifty Drops To 14,222
Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading on a positive note in mid-session deals.
PTI 19 April 2021 PTI PTI 2021-04-19T10:08:44+05:30 Sensex Tanks Over 1,300 Points On Spiking Covid-19 Cases; Nifty Drops To 14,222 outlookindia.com 2021-04-19T10:12:08+05:30
Equity benchmark Sensex crashed over 1,300 points in early trade on Monday, tracking massive across-the-board selloff as mounting COVID-19 cases spooked investor sentiment.
The 30-share BSE index was trading 1,318.21 points or 2.70 per cent lower at 47,513.82.
Similarly, the broader NSE Nifty tanked 394.90 points or 2.70 per cent to 14,222.95.
All Sensex components were in the red. Bajaj Auto was the top loser in the Sensex pack, dropping over 5 per cent, followed by IndusInd Bank, SBI, ICICI Bank, Bajaj Finance and Axis Bank.
Bajaj Auto was the top loser.
FIIs were net buyers in the capital market.
Mumbai: Equity benchmark Sensex crashed over 1,300 points in early trade on Monday, tracking massive across-the-board selloff as mounting COVID-19 cases spooked investor sentiment.
The 30-share BSE index was trading 1,318.21 points or 2.70 per cent lower at 47,513.82.
Similarly, the broader NSE Nifty tanked 394.90 points or 2.70 per cent to 14,222.95.
All Sensex components were in the red. Bajaj Auto was the top loser in the Sensex pack, dropping over 5 per cent, followed by IndusInd Bank, SBI, ICICI Bank, Bajaj Finance and Axis Bank.
In the previous session, Sensex ended 28.35 points or 0.06 per cent higher at 48,832.03, and Nifty rose 36.40 points or 0.25 per cent to 14,617.85
Sensex, Nifty crash over 2.5 per cent each in early session
Sensex down 1,257 points at 47,574
The benchmark indices, BSE Sensex and NSE Nifty, crashed over 2.5 per cent each in early session on Monday.
At 10:06 am, the Sensex was down 1,257 points or 2.57 per cent at 47,574. The Nifty was down 395 points or 2.7 per cent at 14,222.
According to an agency report, the Sensex crashed, tracking a massive across-the-board sell-off as mounting Covid-19 cases spooked investor sentiment.
All Sensex components were in the red. Bajaj Auto was the top loser in the Sensex pack, dropping over 5 per cent, followed by IndusInd Bank, SBI, ICICI Bank, Bajaj Finance and Axis Bank.
Investor wealth tumbles over Rs 3.70 lakh cr as markets crack
PTI
New Delhi |
Updated on
April 19, 2021
The market capitalisation of BSE-listed companies declined by Rs 3.7 lakh crore in morning trade Investors wealth tumbled over Rs 3.70 lakh crore in morning trade on Monday as markets went into a tailspin amid a record surge in coronavirus cases in India. The 30-share BSE benchmark index tanked 1,469.32 points to 47,362.71 in early trade. Following the massive sell-off, the market capitalisation of BSE-listed companies declined by Rs 3,70,729.4 crore to Rs 2,01,60,016.60 crore in morning trade. IndusInd Bank, Axis Bank, Bajaj Auto, SBI and ICICI Bank were the biggest drags among the BSE 30-share frontline companies list.