New Delhi: It’s a highly tumultuous trading day for stock markets. Equity benchmarks recorded huge downturn in afternoon trade with Sensex taking a deep dive to upto 1,500 points while Nifty slipped almost 3 percent.
Bloodbath in intra-day trading comes in the backdrop of dampened investor sentiment, post reports of mutated Coronavirus strain in UK.
At 2:30 pm, the BSE S&P Sensex was down by 1,350 points at 45,611 while Nifty 50 slipped by 327 points or 2.38 per cent to 13,433.
All sectoral indices at the National Stock Exchange were in the red with Nifty PSU bank dipping by 4 per cent, private bank by 2.2 per cent, metal by 3.8 per cent and auto by 2.8 per cent.
ONGC fell by 8.4 per cent to Rs 90.65 per share while GAIL dipped by 7.6 per cent. IndianOil Corporation and Bharat Petroleum Corporation retreated by 6.8 per cent and 5.3 per cent respectively.
Sensex slides more than 1,516 points, currently trading at 45,444 points
Nifty falls more than 490 points, currently trading at 13,270 points pic.twitter.com/e9hQNGh8lQ
— ANI (@ANI) December 21, 2020
Aviation stocks also recorded sharp dip with SpiceJet falling by 9.5% while InterGlobe Aviation cracked by 6.4% to Rs 1,543.90.
The other prominent losers were NTPC, Reliance Industries, Mahindra & Mahindra, Hindalco, IndusInd Bank and State Bank of India.
Among those who were in green zone included IT majors Infosys and HCL Technologies along with FMCG major Nestle India.
European markets take sharp dive
European markets too slumped by a huge margin with the outbreak of new Coronavirus strain leading to stringent lockdown in UK and triggering other countries to impose travel ban to London.
London’s FTSE dropped 2.1% even as the pound sank. Germany’s DAX was down 2.3%.
