Sensex cracks by 1,145 points, PSU banks and IT worst hit ANI | Updated: Feb 22, 2021 16:37 IST
Mumbai (Maharashtra) [India], February 22 (ANI): Bears were on rampage at the bourses with frontline benchmark indices collapsing on Monday as traders resorted to heavy selling in auto, IT and public sector bank stocks.
Market experts said the rise in fuel prices across international markets followed by its reverberations in domestic markets along with higher inflation expectations dampened the investor sentiment.
Uptick in Covid-19 infections across Maharashtra and Kerala also led to profit booking by traders on a day of volatality.
The BSE S&P Sensex closed 1,145 points or 2.25 per cent down at 49,744 while the Nifty 50 edged lower by 306 points or 2.04 per cent to 14,676.