Indian equity indices on monday ended in deep red with a fall over a per cent each tracking weak global cues over a potential rise in Covid delta variant cases in the US, UK and the Japan. At close, the BSE barometer Sensex slipped 586 points or 1.10 per cent at 52,553.40 and while Nifty50 settle 171 points or 1.07 per cent lower at 15,752.40.
Earlier in the intraday trading session Sensex plunged 734 points, whereas the Nifty fell to 15,707.50 as investors were cautious about rising inflation and spread of delta variant globally. The broader market fared relatively better than bigger segment as the BSE Midcap closed 0.58 per cent lower and the Smallcap index closed down at 0.31 per cent.
This is the biggest fall for the Nifty and Sensex in nearly three months. Financials were the top laggards. 42 Nifty ended in the red. hdfc bank Is the Biggest Contributor in Nifty's fall. Nifty bank plunged 673 Points to 35,079. L&T Financial Holdings fell over 4%. On the other hand, Divi’s, Nestle, NTPC, Tata Cons, bpcl gain in a weak trading Session.
Among the sectors, except Nifty Pharma and Nifty Realty all the other indices ended in red with financials, metals, banks, and auto losing the most.
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