Equities in Europe were witnessing heavy selling pressure in mid-session deals. Meanwhile, international oil benchmark Brent crude rose 0.32 per cent to $88.17 per barrel.
Highlight
- Equity benchmark Sensex dropped nearly 1,546 points below the 58,000 level on Monday.
- The 30-share BSE Sensex ended 1,545.67 points or 2.62 per cent lower at 57,491.51.
- Similarly, the NSE Nifty lost 468.05 points or 2.66 per cent to end at 17,149.10.
Equity benchmark Sensex tumbled nearly 1,546 points below the 58,000 level on Monday, tracking sluggishness in global markets tracking a near-board selloff. Besides, continued foreign capital outflows weighed on the market sentiment, traders said.
The benchmark indices started the session on a weak note and selling intensified during afternoon trade, with almost all sectoral indices ending in the red. The 30-share BSE Sensex ended 1,545.67 points or 2.62 per cent lower at 57,491.51. Similarly, the NSE Nifty lost 468.05 points or 2.66 per cent to end at 17,149.10.
All components of the Sensex closed in the red mark. Bajaj Finance was the top laggard, falling nearly 6 per cent, followed by Tata Steel, Bajaj Finance, Wipro, Tech Mahindra, Titan, Reliance Industries and HCL Tech.
“Indian markets opened negative after mixed Asian market peers as investors look forward to US Fed meeting and rising geopolitical uncertainty. During the afternoon session, they were further sold out as the indices fell well below psychologically important levels. went.
“The broader indices also succumbed to selling pressure and were trading with huge losses of around 3 per cent. Sentiments were so fragile that traders did not pay any heed to RBI data indicating that the country’s foreign exchange reserves It increased by USD 2.229 billion to USD 634.965 billion in the week ended January 14,” said Narendra Solanki, Head- Equity Research (Fundamentals), Anand Rathi Shares & Stock Brokers.
Elsewhere in Asia, shares in Hong Kong and Seoul ended with losses, while Tokyo and Shanghai were positive.
Equities in Europe were witnessing heavy selling pressure in mid-session deals. Meanwhile, international oil benchmark Brent crude rose 0.32 per cent to $88.17 per barrel.
Foreign institutional investors (FIIs) remained net sellers in the capital market as they sold shares worth Rs 3,148.58 crore on Friday, according to stock exchange data.
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