New Delhi: The equity index witnessed extreme sales pressures since early trade on Monday with the benchmark index each uphill more than 2 percent.
At 12.05 a.m., the BSE 30-Share index fell 1,428 points or 2.51 percent at 55,583.
While the wider NIFTY NSE traded 435 points or 2.56 percent lower at 16,550.
Bajaj Finance, Steel Tata, Indusind Bank, SBI, Bank and NTPC axis are the main losers in the sensex package falling as much as 5.02 percent.
Twenty-eight of the 30 red shares.
In fact, Dr.
Reddy’s and Hul are the only green trade stocks.
On the NSE platform, all sub-indices traded red with Nifty Realty, Bank PSU, the most falling private bank.
Sensex and Nifty have now declined more than 10 percent of their highest record in October.
According to experts, the increase in the case of omicron variants pose a threat to the global economic recovery.
In addition, continuous sales by foreign institutional investors (FIIS) have also scuted investor sentiments.
“Tempo was broken when the US Federal Reserve changed his attitude along with other global central banks last week.
The Omicron variant also troubles the market because the transmission is higher than other variants,” Saurabh Jain, assistant vice president at SMC Securities said the Reuters news agency said the Reuters news agency.
“The fall is also the result of sustainable sales by foreign institutional investors.
Rollback Liquidity by central bankers will have a kind of impact,” he added.
Investors have been lost by Rs 11,23,010.78 Crore in two days because the domestic equity market continues to face severe drunks amid global schedules.
On Friday, they had lost more than Rs 4.65 lakh crore when the market suffered a large selling action after a weak global trend and continued sales by foreign institutional investors.
Meanwhile, the company’s shares of the future group jumped around 20 percent after the antitrust body in the country suspended the 2019 Amazon agreement with the group, potentially made it easier for retail reliance to buy a future retail business.