Nifty, Sensex trending higher – Weekly closing report
Moneylife Digital Team / IANS
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We had mentioned in last week’s closing report that Nifty, Sensex continue to cruise higher. The major indices continued its rally and ended with major gains.
On Monday, the major indices crashed on concerns over a new strain of the Covid-19 virus in the United Kingdom leading to fresh restrictions in European countries which spooked global investors, plunging India s stock markets deep into the red. On the NSE, there were 254 advances, 1,687 declines and 299 unchanged.
Mahindra and Mahindra announced that it will increase the price of its farm equipment sector tractors models from 1 January 2021 due to the increase in commodity prices.
Nifty, Sensex Crash on Fresh Corona Virus Mutant Strain Fears
Moneylife Digital Team / IANS
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We had mentioned in the previous week’s closing report that Nifty, Sensex continue to cruise higher. On Monday, the major indices crashed on concerns over a new strain of the Covid-19 virus in the United Kingdom leading to fresh restrictions in European countries which spooked global investors, plunging India s stock markets deep into the red. India s equity benchmark indices fell the hardest in seven months. On the NSE, there were 254 advances, 1,687 declines and 299 unchanged.
The broad sell offs which come in the wake of fresh lockdowns in the UK to curb the spread of a new strain of coronavirus, hit investor sentiment. Investors lost Rs7 lakh crore and 500 stocks hit lower circuit today as market participants preferred to book profits, amid weak global cues. Market-capitalisation of BSE-listed firms tanked to Rs178 lakh crore from Rs185 lakh crore on Friday.
Gainers & Losers: 10 stocks that moved the most on December 21
All sectoral indices ended in the red. The Nifty PSU bank index shed 7 percent, while metal, infra, bank, auto and energy indices fell 4-5 percent. December 21, 2020 / 04:51 PM IST The market snapped its six-day winning streak as it went into a freefall in the second half, dragging Nifty below 13,350 on fears of a new wave of coronavirus in the UK. Mahindra and Mahindra | CMP: Rs 685.95 | Mahindra and Mahindra share price shed more than 6 percent after the company’s farm equipment sector announced that effective January 1, 2021, it will increase the price of its range of tractors across models. This has been necessitated due to the increase in commodity prices.