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
Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 437.51 crore on Friday, according to provisional exchange data.
Advertisement The health crisis India is going through and localised lockdowns and restrictions on economic activity warrant a market correction, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
The targets of around 11 per cent GDP growth and above 30 per cent earnings growth for FY 22, that the market had assumed pre-second wave are likely to fall short, he added.
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Sensex drops over 200 points in early trade; Nifty tests 14,450
PTI
Mumbai |
Updated on
However, no large-scale lockdown is being seen by the market as a relief
Equity benchmark Sensex tumbled over 200 points in early trade on Thursday, tracking losses in index majors Infosys, ICICI Bank and M&M amid negative cues from domestic and global markets.
After opening over 200 points higher, the 30-share BSE index reversed all its gains to trade 216.73 points or 0.45 per cent lower at 48,327.33.
Similarly, the broader NSE Nifty slipped 62.55 points or 0.43 per cent to 14,442.25.
Infosys was the top loser in the Sensex pack, shedding over 3 per cent, followed by M&M, IndusInd Bank, Maruti, Bajaj Finance, UltraTech Cement and ICICI Bank.
Equity benchmark Sensex tumbled over 200 points in early trade on Thursday, tracking losses in index majors Infosys, ICICI Bank, and M&M amid negative cues from domestic and global markets.
: Thursday, April 15, 2021, 10:21 AM IST
Sensex drops over 200 pts in early trade; Infosys, M&M, IndusInd Bank, Maruti, Bajaj Finance, UltraTech Cement, ICICI Bank shed
Gerd Altmann/Pixabay
Equity benchmark Sensex tumbled over 200 points in early trade on Thursday, tracking losses in index majors Infosys, ICICI Bank and M&M amid negative cues from domestic and global markets.
After opening over 200 points higher, the 30-share BSE index reversed all its gains to trade 216.73 points or 0.45 per cent lower at 48,327.33.
Similarly, the broader NSE Nifty slipped 62.55 points or 0.43 per cent to 14,442.25.
Infosys was the top loser in the Sensex pack, shedding over 3 per cent, followed by M&M, IndusInd Bank, Maruti, Bajaj Finance, UltraTech Cement and ICICI Bank.