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Indian equities fell the most in two months on Monday, ending lower for the fifth straight session as a rise in active Covid-19 cases across the country dented sentiment.
The S&P BSE Sensex ended 2.2% or 1,145 points lower at 49,744 while the NSE Nifty 50 index fell 2% or 300 points to end at 14,675.
All sectoral indices other than the Nifty Metal index ended lower in today's session. The Metal index also cooled off from the day's high to end with gains of 1.6%
The biggest laggard in today's session was the Nifty Media index, which fell 3.4%, led by multiplex players PVR and Inox Leisure. The Nifty I.T., Nifty Pharma, Nifty PSU Bank, Nifty Realty declined over 2.5% each in today's session while the Nifty Auto index fell 2.3%.
The Nifty Bank index fell 580 points or 1.6% in today's session to end at 35,257. The index si down over 2,500 points from its all-time high of 37,708.
Broader markets also ended lower, but the quantum of losses were lesser as compared to the benchmark indices. The Nifty Midcap index fell 1.3% while the Smallcap index declined 1.2% in today's session.
The India Volatility Index rose the most in two months, ending 14.5% higher at 25.47 - the highest level since July last year.
1,388 stocks on the NSE ended with losses while 561 bucked the trend to end higher.
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Indian equities have begun the new week on a subdued note, opening little changed from Friday's closing levels.
The S&P BSE Sensex opened 21 points higher at 50,910 while the NSE Nifty 50 rose 0.1% at the start of trade to open at 14,999. Both benchmarks are coming off a four-day losing streak.
Most sectoral indices too have opened little changed in today's session. The Nifty Bank index is up 30 points while the Nifty I.T. and Nifty Metal indices gained 0.3% each.
The Nifty Auto index was up 0.2% while the Pharma index opened 0.1% higher.
Broader markets have opened with modest gains as well. The Nifty Midcap index is up 0.25% while the Small cap index is up 0.2% at the start of trade.
1,128 stocks on the NSE are trading higher while 477 stocks have opened with losses.
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