Rapid increase of Covid-19 cases in India, which saw doubling of Omricon version every four days, put the stock investors on alert on Wednesday resulting in fall of domestic indices in the Stock Market.
Even though less number of Covid deaths are reported in India, the spread of Coronavirus, particularly the latest version, seems to have put the investments now, experts said.
The 30-share pack Sensex declined 90.00 points or 0.16 per cent to close at 57,806.49 while its broader peer Nifty fell 19.65 points or 0.11 per cent to end at 17,213.60.
Sun Pharma gained 3 per cent in the wake of approval of Covid pill Molnupiravir. However, PVR fell 2 per cent after Delhi reported imposed restrictions on movement of people. GR Infra gained 2 per cent after emerging as L-1 bidder for Noida Metro Project. Bajaj Auto gained 3 per cent as it demarcated Rs 300 crore for EV facility in Pune. CAMS gained one per cent as Haltong initiated coverage with ‘Outperform’.
Among the top companies, Eicher Motors gained the most, rising 1.73 per cent. It was followed by Bajaj Auto, Sun Pharma, Divi’s Labs, IndusInd Bank, Dr Reddy’s Labs and Maruti Suzuki.
Among the topmost losers in the Nifty pack, SBI was the topmost as it fell 1.73 per cent. Those which ended in the Red were ITC, Coal India, Grasim Industries, NTPC, Tata Motors, Tech Mahindra and Tata Steel.
Market breadth was in favour of gainers as 2052 stocks ended in the Green while 1326 others settled with cuts.
