Closing Bell: Sensex down 897 points, Nifty at 17154.30

Published On: Monday, March 13, 2023 | By:

Closing Bell: Sensex down 897 points, Nifty at 17154.30

At close, the Sensex was down 897.28 points or 1.52% at 58,237.85, and the Nifty was down 258.60 points or 1.49% at 17,154.30. The SVB crisis saw banking shares take a knock, while other sectoral indices too succumbed to the selling pressure. IndusInd Bank, SBI, Tata Motors, M&M, and Eicher Motors were among the major losers on the Nifty, while gainers were Tech Mahindra and Apollo Hospitals. Bank Nifty declined 2.27%, at 39,564, down by over 920 points. The broader markets closed largely in red, with Nifty Midcap losing 2% and Nifty Smallcap 50 sliding 2.26%. The volatility gauge, India VIX, soared 20.89%. Sectorally, Nifty Media, Nifty Auto, Nifty PSU Bank, and Nifty Private Bank were the top losers, falling up to 2.87%.

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