MARKET UPDATE:BSE Sensex tumbled 232 points at 55,398 levels and Nifty at 16,467 level, down 101 points


Published On: Friday, August 20, 2021 | By:

MARKET UPDATE:BSE Sensex tumbled 232 points at 55,398 levels and Nifty at 16,467 level, down 101 points

The Indian equities were hit today(20th August 2021) due to Worries that the US Federal Reserve could rein in vast stimulus measures this year, coupled with the rapid spread of the coronavirus Delta variant, signs of faltering Chinese economic growth, and the Taliban's takeover of Afghanistan. The BSE Sensex index tumbled 232 points, or 0.42 percent, at 55,398 levels while the Nifty50 tested the 16,450-mark at 16,467 level, down 101 points. In the broader markets, both, the BSE MidCap and SmallCap indices were down 1 percent each. Sectorally, all except the Nifty IT index (up 0.56 percent) were in the red, led by the Nifty Metal index (down 3 percent).

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