SGX Nifty signals negative start
Nifty futures on the Singapore Exchange traded 128 points, or 0.87 per cent, lower at 14,513.50 in signs that Dalal Street was headed for a negative start on Monday.
07:30 AM
Tech View: Nifty lacks follow-up buying
Nifty50 on Friday formed an indecisive Doji candle on the daily chart. On the weekly scale, the index formed a Hammer candle. Analysts said the 14,700 level may pose strong resistance for Nifty50 in the coming days. A fall below 14,250 level on the index can trigger a strong correction, they said.
07:29 AM
ACC, ICICI Pru to report Q4 results
ACC, ICICI Prudential Life Insurance Company, Crisil and Bajaj Consumer Care would be among companies which would announce their quarterly results on Monday.
India Business News: Equity indices plunged in opening trade on Monday with the benchmark BSE sensex falling over 1,000 points as India reported over 1 lakh new Covid case
Investors wealth falls over Rs 4.54 lakh crore as Sensex crashes 1,449 points
The 30-share BSE benchmark index plummeted 1,449.03 points to 48,580.80 in morning trade
PTI | April 5, 2021 | Updated 12:59 IST
Investors wealth tumbled over Rs 4.54 lakh crore in morning trade on Monday as markets crashed amid a sharp spike in coronavirus cases in the country.
The 30-share BSE benchmark index plummeted 1,449.03 points to 48,580.80 in morning trade.
Following this, the market capitalisation of BSE-listed companies dived Rs 4,54,987.72 crore to Rs 2,02,71,414.07 crore.
From the 30-share pack, 27 companies were trading lower led by banking companies IndusInd Bank, Bajaj Finance, Bajaj Finserv, State Bank of India, Axis Bank and HDFC.
Sensex Today: The equity benchmark indices declined for the second straight day on Monday. The fall comes on the back of weak macroeconomic data (dip in IIP, rise in inflation) and resurgence in Covid-19 infections. Besides, elevated crude prices and jump in bond yields also weighed on sentiment. The BSE benchmark Sensex after shedding nearly 1,000 points in intra-day, recouped losses amid a strong start for Eupropean shares and ended 397 points down at 50,395. While its NSE counterpart Nifty shed 101 points to end at 14,930. Weakness in index heavyweight Reliance Industries and banking and financial stocks was what dragged indices lower. The rout also engulfed the broader markets as they declined in tandem with the benchmark. The Nifty Midcap100, Smallcap100 and the broadest Nifty500 were all down nearly 1 per cent each.
Markets lost considerable ground yet again on Monday after a weak start and extended their losing run to the fifth day. Weak global cues, rising bond yields, amid fears of Covid-19-led lockdown came to haunt the bulls on the Street. Meanwhile, elevated oil prices and stretched valuations also concerned investors as most chose to take the profit off the table and stay on the sidelines following a secular rally in the benchmark in nearly one year. The BSE barometer Sensex plunged 1,145 points or 2.25 per cent to give up the 50,000 mark and ended at 49,744. Its NSE counterpart Nifty slipped 306 points or 2.04 per cent to 14,676.