scorecardresearch
Share Market Updates: Sensex tanks over 500 points, Nifty below 17,000; SBI slips 3%

Share Market Updates: Sensex tanks over 500 points, Nifty below 17,000; SBI slips 3%

SBI was the top loser in the Sensex pack, shedding over 3 per cent, followed by NTPC, M&M, Bajaj Auto, Titan and Tata Steel.

Share Market Updates: Sensex tanks over 500 points, Nifty below 17,000; SBI slips 3% Share Market Updates: Sensex tanks over 500 points, Nifty below 17,000; SBI slips 3%

Benchmark indices opened lower amid weak global cues on Monday. At 9:22 hours, Sensex declined over 550 points to 56,539.93 and Nifty slipped 140 points to 16,879.

SBI was the top loser in the Sensex pack, shedding over 3 per cent, followed by NTPC, M&M, Bajaj Auto, Titan and Tata Steel.

On the other hand, Dr Reddy's and IndusInd Bank were among the gainers on BSE.

On Friday, the 30-share index tumbled over 1700 points to hit an intraday low of 56,993.89 and Nifty slipped below 17,000 mark to hit an intraday low of 16,985.70 as rising cases of a new coronavirus variant in South Africa spooked global markets.

Foreign institutional investors (FIIs) sold shares worth Rs 5,785.83 crore on November 26, and domestic institutional investors (DIIs) bought shares worth Rs 2,294.11 crore, as per provisional data available on NSE.

Benchmark equity indices BSE Sensex and NSE Nifty tanked over 4 per cent last week as renewed COVID-19 fears over a new variant found in South Africa spooked sentiment. The 30-share Sensex declined 2,528 points to 57,107 on November 26 from 59,636 on November 18. Likewise, the 50-share Nifty index tumbled 738 points to 17,026 during the week gone by.

Published on: Nov 29, 2021, 9:31 AM IST
Posted by: Tanya Aneja, Nov 29, 2021, 9:29 AM IST
IN THIS STORY