In Central Asia deals elsewhere in Asia, Shanghai, Hong Kong and Tokyo were in the red, while Sol was trading with a light profit.
The equity benchmark Sensex fell more than 1,400 points in early trade on Monday, tracking losses of index-heavyweight HDFC twins, ICICI Bank and Reliance Industries as investors in the country reported COVID-19 cases in global markets. Seen a fall between negative signals from.
The 30-share BSE index was trading at 48,164.32, down 1,427 points or 2.88%.
Similarly, the broader NSE Nifty fell 431.90 points or 2.91% to 14,402.95.
IndusInd Bank topped the Sensex pack at 8%, followed by SBI, Bajaj Finance, Bajaj Auto, Titan, ICICI Bank, Bajaj Finserv and Maruti.
On the other hand, Infosys was the sole beneficiary.
The Sensex was down 154.89 points or 0.31% at 49,591.32 points in the previous session and the Nifty slipped 38.95 points or 0.26% to close at 14,834.85 points.
Foreign institutional investors were net sellers in the temporary market as they closed shares worth 1 653.51 crore on Friday as per provisional exchange data.
VK Vijayakumar, chief investment strategy at Geojit Financial Services, said, “Since the second wave of the epidemic is going worse than expected, there is a lot of uncertainty about its impact on the economy and markets.”
The situation is worst in economically important Maharashtra. He said this could affect the market’s perception of about 11% GDP growth and more than 30% income growth.
In Central Asia deals elsewhere in Asia, Shanghai, Hong Kong and Tokyo were in the red, while Sol was trading with a light profit.
Meanwhile, international oil benchmark Brent crude was trading up 0.05% at $ 62.98 a barrel.
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