Market Movers: Pharma stocks surge, banks sink; 37 stocks blink sell
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Synopsis
As many as 37 stocks listed on the National Stock Exchange gave sell signals based on MACD indicators. Names include NALCO, NMDC, Titan Company, Cyient and Tanla Platforms.
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For the day, the Nifty50 index closed 1.8 per cent, or 258.4 points, lower at 14,359.45, while the BSE-Sensex ended at 47,949.4, down 882.6 points or 1.8 per cent.
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MUMBAI: Benchmark equity indices ended deep in the red despite recouping some of the losses towards the end of the session as investors were spooked by the surging COVID-19 infections and deaths in the country.