Nifty

Accordingly, the improving economic scenario as well as a small intra-day correction pulled in fresh foreign funds. During the intra-day, some losses were witnessed in the media, metal, FMCG, auto, realty and pharma indices. However, banking, financial services and IT space traded in the green.

The two indices had a 'gap up' opening and rose some more but fell thereafter to make an intra-day low. Globally, Asian shares ended mostly higher on Thursday after stocks registered small gains on Wall Street following a mixed set of reports on the economy.

Around 10.30 a.m., Sensex was trading at 46,867.57, higher by 423.39 points or 0.91 per cent from its previous close of 46,444.18. It had opened at 46,743.49 and has so far touched an intra-day high of 46,912.22 and a low of 46,615.39 points. The Nifty50 on the National Stock Exchange (NSE) was trading at 13,725.85, higher by 124.75 points or 0.92 per cent from its previous close.

Earlier, they were spooked at the prospects of economic damage unleashed by a new and more contagious Covid-19 strain discovered in the UK. This had triggered selling pressure by FIIs during the initial part of the day's trade.

It opened at 45,529.61 and has touched and intra-high of 45,938.40 and a low of 45,140.79. The Nifty50 on the National Stock Exchange was trading at 13,272.85, lower by 55.55 points or 0.42 per cent from its previous close. Heavy selling was witnessed in industrials, energy and auto stocks, while rise in the IT and telecom stocks supported the market.

The two key indices -- S&P BSE Sensex and NSE Nifty50 - fell by over 3 per cent. The day's carnage saw Sensex losing a total market capitalisation worth around Rs 7 lakh crore. It is speculated that 'Basket' selling by FPIs likely triggered the sharp fall in Indian markets. Foreign investors pulled-out liquidity worth Rs 323.55 crore on Monday.

Resultantly, India's equity benchmark indices fell the hardest in seven months. It is speculated that 'Basket' selling by FPIs likely triggered the sharp fall in Indian markets. Accordingly, both the key indices -- S&P BSE Sensex and NSE Nifty50 - fell by over 3 per cent on Monday.

Across-the-board sell-off took place during the afternoon trade session, led by banking, finance and oil and gas stocks. Fresh Covid-related restrictions in several European countries and likely fallout in Brexit negotiations weakened the investor sentiments. Around 3 p.m. Sensex was trading at 45,404.63, lower by 1,556.06 points or 3.31 per cent from its previous close of 46,960.69.

Heavy selling was witnessed in auto, banking and oil and gas stocks. The indices traded on a subdued note on the back of a negative trend in the Asian markets. Around 12.05 p.m., Sensex was trading at 46,960.94, higher by just 0.25 points from its previous close of 46,960.69. It opened at 46,932.18 and has touched an intra-day high of 47,055.69 and a low of 46,693.95 points.

During the past week, both the BSE Sensex and the Nifty50 on the National Stock Exchange (NSE) touched fresh all-time highs. Deepak Jasani, Head of Retail Research at HDFC Securities, noted that the undertone of the Indian market was upbeat during the week amid positive global cues following the progress in coronavirus vaccine.