LIVE market updates: Indian benchmarks added to their losses and traded more than 1% less in Monday’s noon trades due to weak macroeconomic data (fall in IPI, rise in inflation) and of the resurgence of Covid-19 infections. In addition, rising crude prices and surging bond yields also weighed on sentiment. READ MORE
The S&P BSE Sensex was trading 600 points, or 1.3 percent, down to 50,110 levels. The index fell to 49,799 intraday transactions. In the meantime. the Nifty50 index dropped the 14,850 mark. Bajaj Finance and Bajaj Finserv (both down 3%) were Sensex’s main laggards, followed by Bajaj Auto, Dr Reddy’s, ICICI Bank and Asian Paints (all in decrease of 2%).
Meanwhile, shares of MTAR Technologies recorded an exceptional listing today. The stock listed at Rs 1,063.90 on BSE, a premium of 85.03 percent over the issue price.
The majority of the Nifty sector indices were painted red, with the Nifty Bank index down 2.7 percent, bleeding the most.
Across the market, the S&P BSE MidCap and SmallCap indices fell 1.7% and 1% respectively.