Sensex ends 740 points lower at 48,440, Nifty sinks below 14,400

Equity benchmark Sensex plunged 740 points on Thursday, dragged by losses in index majors Reliance Industries, Infosys and HDFC Bank as monthly derivatives expired amid weak cues from global markets.

migrator

Updated:25th Mar, 2021 at 7:13 PM

Mumbai

The 30-share BSE index ended 740.19 points or 1.51 per cent lower at 48,440.12, and the broader NSE Nifty declined 224.50 points or 1.54 per cent to 14,324.90.

Maruti was the top loser in the Sensex pack, shedding around 4 per cent, followed by Bharti Airtel, HUL, NTPC, Bajaj Finance, UltraTech Cement, ONGC and Reliance Industries.

On the other hand, Dr Reddy’s, ICICI Bank, L&T and HDFC were the gainers.

Domestic equities fell as prevailing concerns with regards to sharp rise in COVID-19 cases have clearly dented investors’ sentiments, said Binod Modi, Head - Strategy at Reliance Securities.

Barring financials and metals, all key sectoral indices ended in red.

Further, futures and options (F&O) expiry factor also contributed to volatility, he noted, adding that market capitalisation of domestic market slipped below ₹200 trillion first time after February 3, 2021, resulting in wealth erosion of over ₹5 trillion in last two days.

Sensex ends 740 points lower at 48,440, Nifty sinks below 14,400

Equity benchmark Sensex plunged 740 points on Thursday, dragged by losses in index majors Reliance Industries, Infosys and HDFC Bank as monthly derivatives expired amid weak cues from global markets.

Also Read

Madras HC flags ‘purity’ gap in police service, seeks DGP report

PM Modi to inaugurate Poonamallee to Vadapalani metro phase 2 on Oct 11

As delayed meter readings push up electricity bills, TNPDCL to outsource work

11 AIADMK ex-ministers get posts in TVK

No sign of CM in Vijay’s conduct, says DMK president Stalin