Investors Lose More Than Rs 3 Lakh Crore As Sensex, Nifty Log Second-Worst Single-Day Fall Of 2020
A trader reacts as he looks at financial data on computer screens on the trading floor. Photographer: Luke MacGregor/Bloomberg

Investors Lose More Than Rs 3 Lakh Crore As Sensex, Nifty Log Second-Worst Single-Day Fall Of 2020

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Closing Bell: Investors Lose More Than Rs 3 Lakh Crore As Sensex, Nifty Log Second-Worst Single-Day Fall In 2020

Indian equity investors lost around Rs 3 lakh crore of wealth today, according to data available with Bombay Stock Exchange.

That came after India’s equities—S&P BSE Sensex and the NSE Nifty 50—clocked its worst fall since the Budget day. The 30-share index closed 1.96 percent or 807 points lower at 40,363.23.

The 50-share gauge closed 2.08 percent lower to end at 11,829.40. The broader markets represented by the NSE Nifty 500 Index ended 2.01 percent lower.

Investors Lose More Than Rs 3 Lakh Crore As Sensex, Nifty Log Second-Worst Single-Day Fall Of 2020

The market breadth was tilted in favour of sellers. About 1,293 stocks declined and 524 shares advanced on National Stock Exchange.

All the 11 sectoral gauges compiled by the NSE ended lower, led by the NSE Nifty Metal Index’s 5.5 percent fall.

Stocks Moving On Heavy Volumes

Tube Investments

  • Stock rose as much as 11.1 percent to Rs 562.
  • Trading volume was eight times its 20-day average.

Grindwell Norton

  • Stock rose as much as 2.3 percent to Rs 629.
  • Trading volume was almost 10 times its 20-day average.

Jyothy Labs

  • Stock fell as much as 3.1 percent to Rd 130.30.
  • Trading volume was more than four times its 20-day average.

GMR Infra

  • Stock rose as much as 12.1 percent to Rs 26.50.
  • Trading volume was almost seven times its 20-day average.

Future Consumer Falls For Sixth Consecutive Trading Session

Shares of Future Consumer fell for the sixth consecutive trading session. The stock fell as much as 10.6 percent, the most since July 2019, to Rs 18.50, the lowest since November 2016.

Trading volume was almost four times its 20-day average, Bloomberg data showed. The Relative Strength Index was below 30, indicating that the stock may be oversold.

Sectoral indices Check: NSE Nifty Metal Index Worst Performer

All the 11 sectoral gauges compiled by NSE traded lower, led by the NSE Nifty Metal Index’s 4.8 percent fall.

Market Check: Sensex Drops 700 Points; Nifty Below 11,900

Indian equities extended declines to trade at day’s low.

The S&P BSE Sensex fell as much as 1.68 percent to 40,477.13 and the NSE Nifty 50 fell as much as 1.57 percent to 11,891.65. The broader markets represented by the NSE Nifty 500 Index fell as much as 1.4 percent.

Investors Lose More Than Rs 3 Lakh Crore As Sensex, Nifty Log Second-Worst Single-Day Fall Of 2020

Global Markets Update: Europe Stocks Tumble

European stocks and U.S. equity futures tumbled on Monday and havens surged as the increase in coronavirus cases outside of China roiled risk assets.

  • The Stoxx Europe 600 Index sank 2.3 percent as of 8:06 a.m. London time.
  • Futures on the S&P 500 Index fell 1.9 percent.
  • Nasdaq 100 Index futures fell 2.3 percent.
  • The MSCI Asia Pacific Index decreased 1.3 percent.

Get your daily fix of global markets here.
Source: Bloomberg

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