It’s Monday mayhem for Indian stock markets. In what can be a complete bloodbath on Dalal Street today, Investors have lost a whopping Rs 9 lakh crore money. With bears tightening their grip, investors’ wealth eroded significantly. Rise of Omicron cases coupled with continuous selling of Foreign Institutional Investors resulted in a deep correction for stock markets.
It’s the biggest single-day fall since April 2021. All benchmark indices ended up in red. At one point, Sensex plunged 1849 points which is 3.24 per cent down. Nifty had broken crucial 16,450 level and saw an intraday low of 16,410. Later the markets recovered slightly. With 2.09 percent fall, Sensex ended at 55,822.01 by losing 1,189.73 points. Nifty 50 lost 371 points and ended at 16,614.20 which is pegged at 2.18 percent down.
Bank, Realty, Metal, Capital Goods all indices ended in red. Stock markets were clearly in jittery with heavy selling. Fear is clearly visible among the investors. BPCL, Tata Motors, Tata Steel, IndusInd Bank, Bajaj Finance, Kotak Mahindra Bank, HDFC Bank, SBI were the top losers on the Nifty.
This post was last modified on 20 December 2021 4:10 pm
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