Sensex swings nearly 1,300 points, ends 153 points lower; Nifty finishes below 11,150 – Times of India

NEW DELHI: Equity indices on Monday swung widely and reversed all day’s gains in the late deals to finish in red for the seventh straight trading session. The benchmark BSE sensex oscillated nearly 1,300 points and finally settled 153 points or 0.40 per cent lower at 38,144; while the broader NSE Nifty moved 69 points or 0.62 per cent down to close at 11,133.
Indices started on positive note with sensex rebounding over 750 points and Nifty testing 11,400-levels before settling lower.
Both the indices dived in red as more coronavirus (Covid-19) cases have been detected in the country. Sensex logged its second-biggest one-day fall in history on Friday amid a global selloff.
Major laggards in the sensex pack include SBI, Tata Steel, Hero MotorCorp, Bajaj Auto, ONGC and NTPC with their shares sliding as much as 5.10 per cent. 20 out of 30 stocks on the platfrom witnessed losses.
On NSE, except for Nifty IT, all other sub-indices finished in red with Nifty Media and PSU Bank falling as much as 4.55 per cent.
The 30-share BSE index ended 1,448 points, or 3.64 per cent, lower at 38,297.29. This was the benchmark’s second-worst drop in absolute terms after August 24, 2015, when it had plunged 1,625 points.
In just seven consecutive sessions, sensex has lost 3,025 points.
On the global front, fears of a pandemic had caused a wipe-out of more than $5 trillion from global share value last week, prompting financial markets to price in policy responses from the US Federal Reserve, the Bank of Japan and the Reserve Bank of Australia.
(With agency inputs)