Sensex drops over 200 points in early trade; Nifty tests 14,450 thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
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Sensex nosedives over 1,400 points in early trade
Equity benchmark Sensex plummeted over 1,400 points in early trade on Monday, tracking losses in index-heavyweights HDFC twins, ICICI Bank, and Reliance Industries as spiking COVID-19 cases in the country spooked investors amid negative cues from global markets.
The 30-share BSE index was trading 1,427 points or 2.88 percent lower at 48,164.32.
Similarly, the broader NSE Nifty plunged 431.90 points or 2.91 percent to 14,402.95.
IndusInd Bank was the top loser in the Sensex pack, tanking around 8 percent, followed by SBI, Bajaj Finance, Bajaj Auto, Titan, ICICI Bank, Bajaj Finserv, and Maruti.
On the other hand, Infosys was the sole gainer.
India has registered a whopping 169,899 COVID-19 cases in the last 24 hours; it has overtaken Brazil as the second-worst hit country, with a total of over 13 million.
Equity benchmark Sensex plummeted over 1,400 points in early trade on Monday, tracking losses in index-heavyweights HDFC twins, ICICI Bank and Reliance Industries
Rs 8 lakh crore investor wealth wiped out as rising Covid cases spook Sensex, Nifty
India VIX , the Indian market s volatility gauge, rose 14.35% to 22.63on Monday, signalling heightened negative sentiment on Sensex and Nifty
BusinessToday.In | April 12, 2021 | Updated 12:18 IST
Sensex lost 1,639 points to 47,951 and Nifty slipped 493 points to 14,341 . Market breadth was negative with 436 stocks rising against 2,291 shares falling on BSE. 174 stocks were unchanged.
Investors lost over Rs 8 lakh crore in trade today as Sensex and Nifty came under selling pressure amid record surge in coronavirus cases in India. Market cap of BSE-listed firms fell by Rs 8.13 lakh crore after investor wealth declined to Rs 201.50 lakh crore.