Nifty
Sensex falls over 1,400 points on new Covid-19 strain, 7 lakh crore market cap lost
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.
New Covid-19 Strain Scare: Sensex dips over 1,400 points
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.
Sharp fall in market, Sensex plunges over 1,500 points
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.
Equities flat amid volatility; auto, banking stocks plunge
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.
Market bull run likely to continue on hopes of vaccine, US stimulus
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.
Market inches-up on late hour buying spree, IT stocks rise
However, the market remained subdued throughout the day's trade session due to profit booking along with extremely high stock valuations. Globally, Asian shares slipped on speculation of heightened United States-China trade standoff.
Sensex turns negative after touching 47,000 for first time
It opened at an all-time high of 47,026.02 points. Around 9.40 a.m., Sensex was trading at 46,752.93, lower by 137.41 points or 0.29 per cent from its previous close of 46,890.34. The Nifty50 on the National Stock Exchange was trading at 13,696.75, higher by 43.95 points or 0.32 per cent from its previous close.
Global cues unleash bulls in equity market, pharma stocks rally
Accordingly, the market had a "gap up" opening at their respective high levels. In terms of sectors, most of the indices traded in the green. Among them, Pharma, Realty and Financial Services indices were the major gainers. At 2.30 p.m., Sensex was trading at 46,868.59, higher by 202.13 points or 0.43 per cent from the previous close.
Sensex, Nifty inch up to touch fresh highs
Healthy buying was witnessed in consumer durables and healthcare stocks, while decline in metal, telecom and FMCG stocks limited the gains on the indices. Around 10.20 a.m., Sensex was trading at 46,743.21, higher by 76.75 points or 0.16 per cent from its previous close of 46,666.46. It opened at 46,774.32 and has so far touched an intra-day high of 46,812.37 and a low of 46,627.60 points.
Share Market: Global cues, FII inflows lift equity indices to new highs
Subsequently, the NSE Nifty50 reached a record high of 13,692.35, while S&P BSE Sensex touched 46,704.97 points level, following a strong market sentiments globally. In terms of sectors, realty, metal, auto and pharma indices were major gainers, while PSU banks were the main loser.
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