Taking Stock | Stocks fall like ninepins as volatility index jumps 25%; investors lose Rs 6.64 lakh crore
Nifty formed a big red candlestick formation on the daily chart, erasing the gains of the last 11 days. December 21, 2020 / 04:55 PM IST
Indian equities fell like ninepins on December 21 as reports of a new and virulent COVID-19 strain in the UK spooked investors.
A new variant of the novel coronavirus has been identified in the United Kingdom. England’s Chief Medical Officer Chris Whitty said on December 19 that the new variant of the coronavirus, which causes COVID-19, can spread faster.
As per media reports, Prime Minister Boris Johnson was to chair a crisis meeting on December 21 as a growing number of countries blocked flights from Britain over a new highly infectious coronavirus strain the UK said was out of control .
Sensex Drops Over 200 Pts in Early Trade; Nifty Slips Below 13,700
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Equity benchmark Sensex dropped over 200 points on Monday, tracking weak cues from global markets amid concerns over a new strain of the virus leading to fresh restrictions in European countries. The 30-share BSE index pared the gains to trade 202.44 points or 0.43 per cent lower at 46,758.25. Similarly, the broader NSE Nifty slipped 66.75 points or 0.49 per cent to 13,693.80. M&M was the top laggard in the Sensex pack, shedding around 2 per cent, followed by ICICI Bank, PowerGrid, Axis Bank, SBI, ONGC and IndusInd Bank. On the other hand, L&T, Reliance Industries, Sun Pharma, Infosys and HCL Tech were among the gainers. In the previous session, Sensex settled at a record 46,960.69, up 70.35 points or 0.15 per cent, while Nifty rose 19.85 points or 0.14 per cent to 13,760.55 its new closing high.
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Sensex Nifty early trade stock markets opening BSE NSE top gainers
Equity benchmark Sensex dropped over 200 points on Monday, tracking weak cues from global markets amid concerns over a new strain of the virus leading to fresh restrictions in European countries. The 30-share BSE index pared the gains to trade 202.44 points or 0.43 per cent lower at 46,758.25.
Similarly, the broader NSE Nifty slipped 66.75 points or 0.49 per cent to 13,693.80.
M&M was the top laggard in the Sensex pack, shedding around 2 per cent, followed by ICICI Bank, PowerGrid, Axis Bank, SBI, ONGC and IndusInd Bank.
On the other hand, L&T, Reliance Industries, Sun Pharma, Infosys and HCL Tech were among the gainers.
India seeing multiple monopolistic trends: Prevention better than cure
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Last Updated: Dec 20, 2020, 10:48 AM IST
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There are a few undesirable trends in some sectors where market share is becoming dominant with potential monopolistic trends.
Chief Investment Strategist, Geojit Financial Services
He is known for his articles on capital markets, wealth management, and Indian and global economy. He has presented many papers and delivered many lectures on the capital market in national and international seminars. He has authored four books on economics, presented eight papers in international seminars and 65 papers in national seminars.
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Capitalism works better from every perspective when economic decision makers are forced to share power with those who will be affected by those decisions. Bernie Frank
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Share Market Highlights: Sensex ends at record high, Nifty at 13,760; TCS, SBI, L&T, Nestle, Titan top gainers
India Stock Market Highlights Today: In today s session, Sensex hit an all-time high of 47,026 and Nifty logged a lifetime high of 13,772.
BusinessToday.In | December 29, 2020 | Updated 20:03 IST
Share Market Highlights: Here s a look at the updates of the market action on BSE and NSE today
Sensex, Nifty Highlights on December 18: Equity indices closed at new record highs on Friday, amid mixed trend from global equities. Extending gains for the sixth session, Sensex ended 70 points higher at 46,960 and Nifty gained by 19 points to 13,760. In today s session, Sensex hit an all-time high of 47,026 and Nifty logged a lifetime high of 13,772. Yesterday, Sensex ended 223 points higher at 46,890 and Nifty gained by 58 points to 13,740.