Investors lost as much as 6.81 lakh crores in a volatile market on Monday as Sensex and Nifty fell at lowest levels since August 23 in the midst of fears of spreading of Omricon variant of Coronavirus all over the globe including India.
The sentiments of Investors in India were dampened by the developments such as lockdowns in some countries in Europe and that few other countries are planning to consider lockdowns because of which the Markets remained volatile throughout the day.
The 30 share pack Sensex fell 1189.73 points or 2.09 per cent to close at 55,822.01 while its broader peer NSE’s Nifty dropped 371 points to 16,614.20.
By the end of the day, the investors were left poorer by Rs 6.81 crores, market experts pointed out.
Policybazaar fell 13 per cent to slide below IPO issue price. Nike, CarTrade, Tomato, Paytm fell till 8 per cent. India VIX, the barometer of volatility spiked 16 per cent to 19-level. Cipla rose 4 per cent on USFDA signal to market Lanreotide. The IPO of Supriya Lifesciences was subscribed 71 times.
Among the bluechip names in broader market, Cipla was the top most gainer, increasing 3.71 per cent, HUL and Dr Reddy’s Labs were the others that gained.
Among the losers was BPLCL, the topmost, in Nifty pack, dropping 6.49 per cent. Tata Motors, Tata Steel, IndusInd Bank, Bajaj Finance, Coal India, Indian Oil, SBI, ONGC and Hindalco Industries were among those which ended in the red.
Market breadth was in favour of losers as 746 stocks ended in the green while 2699 settled with cuts.
