HomeMarketsIndian MarketsSensex tanks over 400 points, Nifty opens below 17,000 points; Metal, IT,...

Sensex tanks over 400 points, Nifty opens below 17,000 points; Metal, IT, Bank stocks worst hit

Domestic markets started lower on Monday, mirroring global markets. At the open, the key market indexes — the BSE benchmark Sensex and the NSE’s Nifty50 — were down approximately 0.65%.

The S&P BSE Sensex began 386.82 points, or 0.67 percent, down at 57,603.08, while the Nifty dropped 107.90 points, or 0.63 percent, to 16,992.15.

At 9.23 a.m., the Sensex was down almost 500 points, while the Nifty was down 0.78 percent to 16,967.40.

The Nifty 100 fell 0.76 percent, while the Nifty 200 fell 0.73 percent. The Nifty 500 was down 0.69 percent, while the Nifty Next 50 was down 0.62 percent.

Meanwhile, the India Vix rose 7.66% at the outset to trade at 15.90 points.
Metal stocks were the biggest losers in early trading, down 1.45%, followed by IT companies, down 1.17%. PSBs were down 0.96 percent, while Nifty Bank dipped 0.84 percent, and private bank stocks fell 0.81 percent.

Adani Enterprises was among the biggest losers at the outset, with the stock down 3.21 percent, trading at Rs 1816.3 on the NSE. Hindalco, IndusInd Bank, Infosys, TCS, Tata Motors, and Mahindra & Mahindra were also among the biggest losers at the open.

At 9.23 a.m., all stocks on the Sensex index were trading in the red, with Tata Steel and M&M faring the worst.

Meanwhile, Dr. Reddy’s, Divis Lab, Hindustan Unilever, Titan, and BPCL were among the top gainers at the open.

Aryan Jakhar
Aryan Jakhar
Aryan Jakhar is an Indian Journalist with over two years of active working experience. Aryan is currently working as editor-in-chief at BusinessHeadline.in and he is reachable on contact@businessheadline.in
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