MARKET WRAP: Sensex sheds 470 pts; financials, real estate stocks decline

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                                 Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters

All in global markets, rise in crude oil prices in early trade after a landmark deal by OPEC+ group to cut output and worries over likely extension of Covid-19 lockdown caused the domestic equity market to settle in the negative territory on Monday. 

The S&P BSE Sensex shed 470 points or 1.51 per cent to end the day at 30,690, with Bajaj Finance (down 10 per cent) being the biggest loser and L&T (up over 6 per cent) the top gainer. Of 30 constituents, 23 ended in the red and rest 7 in the green.   

On the NSE, Nifty ended at 8,994, down 118 points or 1.3 per cent. The volatility index India VIX rose over 3 per cent ro 51.41 levels. 

On the sectoral front, barring Nifty Pharma and Nifty Metal, all the other sectoral indices on the NSE ended in the negative zone. Nifty Financial Services index dropped over 3 per cent to 9,501 levels while Nifty Realty lost around 5 per cent to settle at 177-mark. 

In the broader market, the S&P BSE MidCap index slipped nearly a per cent to 11,268 levels while the S&P BSE SmallCap index lost around half a per cent or over 47 points to 10,246.  

Markets will remain closed on Tuesday on account of Dr B R Ambedkar Jayanti. 

Courtsey : Business Standrad