Sensex balances almost 1,300 points, ends 153 points lower; Ingenious finishes below 11,150
NEW DELHI: Monday's equity indexes changed widely and reversed all-day earnings in the latest deals to end in red for the seventh consecutive session. Reference point BSE sensex it ranged almost 1,300 points and finally 153 points or 0.40 percent lower was set at 38,144; while the widest moved 69 points or 0.62 percent down to close at 11,133.
The indexes began on a positive note with the sensex rebound of more than 750 points and Nifty testing 11,400 levels before settling down.
Both indices submerged in red as more cases of coronavirus (Covid-19) were detected in the country. Sensex recorded its second biggest one-day drop in history on Friday amid a global sale.
The main laggards in the sensex package include SBI, Tata Steel, Hero MotorCorp, Bajaj Auto, ONGC and NTPC with their shares sliding up to 5.10 percent. 20 of the 30 actions on the platform witnessed losses.
In NSE, with the exception of Nifty IT, all other subscripts ended in red with Nifty Media and PSU Bank falling to 4.55 percent.
The BSE index of 30 shares ended 1,448 points, or 3.64 percent, lower than 38,297.29. This was the second worst decline in the benchmark in absolute terms after August 24, 2015, when 1,625 points had fallen.
In just seven consecutive sessions, sensex has lost 3,025 points.
On the global front, fears of a pandemic had led to the elimination of more than $ 5 billion of the value of global shares last week, which led financial markets to assess the political responses of the US Federal Reserve. UU., The Bank of Japan and the Reserve Bank of Australia.
(With agency contributions)