New Delhi, Business Desk. The domestic stock market witnessed a strong sell-off on the first day of the week. Shares of IndusInd Bank were down by 8.67 per cent on Sensex. At the same time, shares of Bharti Airtel also saw a decline of 5.81 per cent. Shares of Tata Steel saw a decline of 5.58 per cent, ICICI Bank’s shares fell by 5.15 per cent. Because of this, the 30-share sensitive index Sensex of the BSE lost 811.68 points, or 2.09 per cent, to close at 38,034.14 points. Similarly, NSE Nifty lost 254 points or 2.21 per cent to end at 11,250.55 points level.
Sensex includes Mahindra & Mahindra, Maruti, Axis Bank, Bajaj Finance, Nestle India, ONGC, Sun Pharma, Titan, State Bank, Bajaj Finerve, Ultratech Cement, Hindustan Unilever Limited, Asian Paints, NTPC, Tech Mahindra, Reliance, Bajaj Auto, Shares of Larsen & Toubro, ITC, HCL Tech, Power Grid, HDFC Bank and HDFC also closed with a red mark.
On Sensex, only Kotak Mahindra Bank, Infosys and TCS closed with increased share.
Know the reason for the stock markets crashing
The sell-off in major global markets led to a steep decline in domestic stock markets due to concerns over the growing case of Kovid-19 in Europe.
Stock markets in Shanghai, Hong Kong and Seoul closed with heavy losses. European markets are seeing tremendous selling in early trade.
Meanwhile, Brent crude fell 2.04 per cent to $ 42.27 per barrel. The rupee strengthened by seven paise to close at 73.38 against the US dollar in the foreign currency exchange market.