Data showed BSE Sensex has lost over 4,400 points from a record high of 52,516 hit on February 16. NSEs Nifty, on the other hand, has fallen below the 14,600 level against a record high of 15,431.
Read more about Here s why investors lost Rs 8 trillion in trade on Monday on Business Standard. Index heavyweights such as Reliance Industries, HDFC Bank, HDFC, ICICI Bank, SBI, Bajaj Finance, TCS, and L&T declined up to 7 per cent.
Sensex Nosedives Over 1,400 Points In Early Trade
IndusInd Bank was the top loser in the Sensex pack, tanking around 8 per cent, followed by SBI, Bajaj Finance, Bajaj Auto, Titan, ICICI Bank, Bajaj Finserv and Maruti.
PTI 12 April 2021 outlookindia.com 2021-04-12T10:22:54+05:30
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 per cent lower at 48,164.32.
Similarly, the broader NSE Nifty plunged 431.90 points or 2.91 per cent to 14,402.95.