Read more about Information Technology stocks slide on Business Standard. Information Technology stocks were trading with losses, with the S&P BSE IT Sector index decreasing 934.49 points or 3.4% at 26529.97 at 13:49 IST.
Key barometers further extended losses and hit fresh intraday low in mid-morning trade. The Nifty regained the 14,400 mark after briefly slipping below that level. Investor sentiment was dented as Covid-19 cases continued to surge in the country.
At 11:28 IST, the barometer index, the S&P BSE Sensex, was down 1425.3 points or 2.87% at 48,166.69. The Nifty 50 index declined 426.40 points or 2.87% at 14,408.55.
The selling was broad based. The S&P BSE Mid-Cap index was down 4.46% while the S&P BSE Small-Cap index declined 3.83%.
The market breadth, indicating the overall health of the market, was weak. On the BSE, 456 shares rose and 2249 shares fell. A total of 169 shares were unchanged.
Read more about Investors wealth tumbles over Rs 6.86 trillion in trade as markets crash on Business Standard. Investors wealth tumbled by Rs 6,86,708.74 crore in morning trade on Monday following massive losses in the equity market as sentiments remained muted amid increasing Covid-19 cases in the country
The domestic equity indices further extended losses in early afternoon trade. Investor sentiment was dented as Covid-19 cases continued to surge in the country. Barring the Nifty Pharma index, all the sectoral indices on the NSE were in the red.
At 12:20 IST, the barometer index, the S&P BSE Sensex, tumbled 1691.68 points or 3.41% at 47,899.64. The Nifty 50 index lost 490.15 points or 3.30% at 14,344.70.
In the broader market, the S&P BSE Mid-Cap index skid 5.30% while the S&P BSE Small-Cap index declined 4.79%.
The market breadth was strong. On the BSE, 1,878 shares rose and 859 shares fell. A total of 150 shares were unchanged.
Derivatives:
Read more about Sensex slumps 1700 pts, Nifty holds 14,300; VIX spurts to 23 mark on Business Standard. Domestic equity indices ended with sharp losses on Monday, as surging COVID-19 cases in the country triggered fears of fresh lockdowns. The Nifty managed to close above the 14,300 mark after hitting the day s low of 14,248.70 in late trade. All the