Benchmark indices ended with steep losses on Monday, extending fall for the second straight session. All the sectoral indices on NSE ended in red. Metal shares corrected sharply. Rising coronavirus cases across US, Europe and China weighed on investors sentiment.
The barometer index, the S&P BSE Sensex, dropped 470.40 points or 0.96% to 48,564.27. The Nifty 50 index lost 152.40 points or 1.06% at 14,281.30.
Reliance Industries (up 2.37%), HDFC Bank (up 1.15%) and ITC (up 0.76%) supported the indices. Axis Bank (down 2.79%), Infosys (down 2.49%), HDFC (down 2.49%) and ICICI Bank (down 1.94%) dragged.
In the broader market, the BSE Mid-Cap index fell 2.01% and the BSE Small-Cap index lost 1.89%. Both the indices underperformed the benchmark indices.
The domestic equity barometers were trading almost flat in mid-afternoon trade. At 14:22 IST, the barometer index, the S&P BSE Sensex, was up 23.91 points or 0.05% to 47,770.13. The Nifty 50 index rose 1 point or 0.01% to 13,982.95.
The S&P BSE Sensex hit a record high of 47,865.56 while the Nifty index hit 14,010.15 in morning trade.
The broader market was trading firm. The S&P BSE Mid-Cap index rose 0.25% while the S&P BSE Small-Cap index gained 0.39%.
Buyers outpaced sellers. On the BSE, 1734 shares rose and 1191 shares fell. A total of 171 shares were unchanged.
COVID-19 Update:
Total COVID-19 confirmed cases worldwide stood at 8,27,09,354 with 18,05,035 deaths. India reported 2,57,656 active cases of COVID-19 infection and 1,48,738 deaths while 98,60,280 patients have been discharged, according to the data from the Ministry of Health and Family Welfare, Government of India.
NEW DELHI: The Covid-hit Calendar 2020 made history on Dalal Street!
Investors saw a record drop in stock prices, many stocks hit circuit filters while the benchmark indices climbed new highs amid a gloomy pandemic strike and then a gush of liquidity.
During the roller-coaster ride, the equity market saw many stocks hit rock bottom at new 52-week low prices, while some latter scaled new highs and turned multibaggers in the process.
Over 70 per cent of the BSE500 stocks doubled investor wealth from their 52-week lows. Then, some of them corrected significantly after hitting new 52-week highs, while many others grounded to 52-week lows in the March selloff.
Nifty, Sensex shows no signs of tiring – Wednesday closing report
Moneylife Digital Team / IANS
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We had mentioned in Tuesday’s closing report that Nifty, Sensex were trending up. On Wednesday, the major indices made minor gains. On the NSE, there were 1,002 advances, 859 declines and 363 unchanged.
The trends of the major indices in the course of Wednesday’s trading are given in the table below:
UPL pre-paid $410 million of its 3.25% senior notes due October 2021 using the cash on its balance sheet.
Kalpataru Power Transmission bagged new orders in T&D business and EPC of about Rs 900 crore.
JMC Projects (India) got orders of Rs 698 crore for building works in South India. The company said their order inflow for the current year has crossed Rs 6,700 crore.
Welspun Corp has received additional orders of approximately 129 KMT valued at Rs 1,200 crore approx.
Out of these orders, approximately 69 KMT would be executed from the company s Saudi facility, including a single order of 45 KMT from Saudi Aramco - one of their most prestigious clients.
These orders bring in clear business continuity for FY22, both in domestic and Saudi market and is a true testimony of our global leadership position and a strong customer connect.
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