Sensex crashed 1,200 points in early trade today amid a record surge in Covid-19 cases and FII outflows from the capital market. While Sensex was trading 1,226 points lower at 47,610, Nifty fell 339 points to 14,277.
Top Sensex losers were IndusInd Bank, ICICI Bank, Axis Bank, SBI, and Bajaj Auto falling up to 6%. Of 30 Sensex stocks, Dr Reddy’s and Sun Pharma were the only gainers.
India on Monday recorded the biggest-ever spike of 2.73 lakh fresh coronavirus cases in last 24 hours. Apart from the over 2.73 lakh fresh cases, India has also recorded 1,619 deaths and 1,44,178 discharges, as per Union Health Ministry.
Market breadth was negative with 1958 stocks falling against 411 rising on BSE. 112 stocks were unchanged in trade today. Market cap of BSE-listed firms fell by Rs 5.82 lakh crore after investor wealth declined to Rs 199.89 lakh crore.
On April 16, market wealth of BSE-listed firms stood at Rs 205.71 lakh crore.
News Source: business-today