Indian Market Decline
Sensex slumps 1170.12 pts to end at 58,465.85
Mumbai/UNI: The equity market continued to slide for the fourth consecutive session on Monday, as the BSE Sensex crashed 1170.12 pts to close below 59K at 58,465.85 following heavy selling in Realty, Consumer Durable, Oil and Gas and Energy stocks amid weak Asian Market.
The Nifty of National Stock Exchange (NSE) too slid by 348.25 pts at 17,416.53.
The traders stayed away from taking bullish bets amid rising inflation and risk of an immediate correction.
The global market was also seen weak due to fresh Covid cases in Europe and lockdowns in countries like Austria.
The day opened on a negative note, as Sensex fell by 74 pts to open at 59,710.48. During the day, it plummeted nearly 1625 pts to 58,011.92, days low, before closing at 58,465.85, down 1170.12 pts from its previous close.
The Sensex registered days high and low at 59,778.37 and 58,011.92 respectively.
The sectoral indices like Realty, Consumer Durable, Oil and Gas, Energy and Consumer Discretionary Goods and Services stocks dragged the market further.
In indices, Realty was a major loser down by 4.45 pc, followed by Energy by 3.99 pc, Consumer Durable by 3.22 pc, Oil and Gas by 3 pc and Consumer Discretionary Goods and Services by 2.71 pc.
In scrips, Bajaj Finance a major loser down by 5.48 pc to Rs 7081.40, followed by Bajaj Finserv by 4.82 pc to Rs 17,048.95, Reliance Industries by 4.36 pc to Rs 2365, NTPC by 3.99 pc to Rs 129.85 and SBI by 3.36 pc to Rs 487.
However, the gainers were Bharti Airtel by 3.70 pc to Rs 740.65, Asian Paints by 1.08 pc to Rs 3261.25, Powergrid by 0.60 pc to Rs 193.50 and IndusInd Bank by 0.15 pc to Rs 1009.55.
The Nifty recorded days high and low at 17,805.25 and 17,280.45 pts respectively.
The Mid Cap fell by 2.62 pc and Small Cap by 2.96 pc.
In 30 scrips, 6 advanced while 24 declined.
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