ANI
12 Apr 2021, 17:07 GMT+10
Mumbai (Maharashtra) [India], Apr 12 (ANI): Equity benchmark indices plummeted by 3.5 per cent on Monday as the country recorded a massive surge of 1.69 lakh Covid-19 cases in the past 24 hours.
Investors worried about the economic fallout of fresh restrictions announced by several state governments. Market analysts said a complete lockdown will derail the pace of nascent economic recovery.
Reports of vaccine shortage and the sluggish pace of vaccination added to the worry that the pandemic may cause more damage than expected.
The panic selling on Black Monday reportedly led to investor wealth tumbling by nearly Rs 8 lakh crore on BSE Ltd.
The BSE SP Sensex closed 1,708 points or 3.44 per cent lower at 47,883 while the Nifty 50 tumbled by 524 points or 3.53 per cent to 14,311.
All sectoral indices at the National Stock Exchange were in the red with Nifty PSU bank down by 9.2 per cent, private bank by 5.2 per cent, realty by 7.5 per cent, metal by 6 per cent and auto by 5.1 per cent.
Among stocks, Tata Motors skidded by 9.6 per cent to Rs 287.50 per share while MahindraMahindra lost by 5.1 per cent to Rs 750.55.
State Bank of India was down by 6.3 per cent to Rs 330.70, IndusInd Bank by 8.5 per cent and Bajaj Finance by 7.2 per cent.
UPL slipped by 6.9 per cent, Hindalco by 6 per cent, ONGC by 5.2 per cent and Titan by 4.9 per cent.
However, pharma major Dr Reddy's gained by 7 per cent to close at Rs 5,098 per share while Cipla gained by 2.7 per cent.
Meanwhile, Asian shares faltered as investors wait to see if US earnings can justify sky-high valuations.
Tokyo's Nikkei edged down 0.77 per cent while Hong Kong's Hang Seng index eased 0.86 per cent. South Korean stocks were near flat. (ANI)Get a daily dose of Johannesburg Life news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Johannesburg Life.
More InformationNEW DELHI, India: A preliminary investigation into the Air India crash on June 12 in Ahmedabad has revealed that a shift in the fuel...
BRUSSELS, Belgium: Meta is holding firm on its controversial pay-or-consent model, a move that could lead to fresh antitrust charges...
LONDON, U.K.: American consumers and businesses could soon face the highest overall tariff burden in more than a century, according...
The family of Sayfollah Saif Musallet, a 20-year-old American citizen who was beaten to death by Israeli settlers in the occupied West...
CONCORD, New Hampshire: A federal judge in New Hampshire issued a crucial ruling on July 10 against President Donald Trump's executive...
DUBAI, U.A.E.: A cargo ship flagged under Liberia, known as the Eternity C, sank in the Red Sea following an attack executed by Yemen's...
BEIJING, July 15 (Xinhua) -- China's foreign trade continued to recover in the first half of 2025, with imports returning to positive...
(250715) -- NOUAKCHOTT, July 15, 2025 (Xinhua) -- Zhao Weiwei, a doctor with the 35th Chinese medical team to Mauritania, examines...
Dubai [UAE], July 14 (ANI): Madhya Pradesh Chief Minister Dr Mohan Yadav attended the 'Madhya Pradesh Business Investment Forum Program'...
Harare [Zimbabwe], July 14 (ANI): Zimbabwe left-arm seamer Richard Ngarava became the top wicket taker for his national team in the...
Dubai [UAE], July 14 (ANI): Madhya Pradesh Chief Minister Dr Mohan Yadav held wideranging interactions with industry experts for bringing...
Harare [Zimbabwe], July 14 (ANI): Known for his pace and crafty bowling, South Africa's Lungi Ngidi levelled legendary tearaway Dale...