Sensex slouch over 400 points , Nifty 50 tests 16,400

Domestic stock market benchmarks opened deep in red on Friday morning

 

Domestic share markets benchmarks Bombay Stock Exchange Sensex and broader NSE Nifty 50 began the final trading session of the week diving deep in the negative territory.

 

BSE Sensex opened at 55,159, fell more than 400 points while the broader Nifty 50 began at 16,382.

 

However, domestic benchmarks managed to retrieve some of the losses during its initial minutes of trade.

 

The 30-share BSE Sensex traded 351 points or 0.63 per cent low, down at 55,277 while the NSE Nifty 50 tumbled over at 134 points or 0.81 per cent at 16,434.

 

Bank Nifty was down 1 per cent, just below 35,200 mark, India VIX soared 6per cent and broader markets were down in the negative territory.

 

Tata Steel dived 3.7 per cent to trade as the worst Sensex performer, followed by Kotak Mahindra Bank, Dr Reddy’s Labs, SBI, Axis Bank, Larsen & Toubro, Reliance Industries and HDFC Bank.

 

On the other side of the table, Bharti Airtel was up 1 per cent as the best Sensex performer, followed by Bajaj Finance Infosys, Asian Paints, Maruti, HUL and Tata Consultancy Services.

 

On the international markets, equities in the US largely ended on green in overnight trade.

 

While Asian shares benchmarks, bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading deep in red in mid-session deals amidst increasing worries of the spread of delta variant of Covid-19 in the region.

India Scanner News Network

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