MARKET UPDATE:Sensex trading around 48,940 levels, down 275 points and Nifty gave up the 14,400-mark


Published On: Friday, March 19, 2021 | By:

MARKET UPDATE:Sensex  trading around 48,940 levels, down 275 points and  Nifty gave up the 14,400-mark

In the Indian markets today (19th March 2021), the benchmark indices fell over half a percent in morning deals, but off the early lows, following weak global cues amid a spike in bond yields. The S&P BSE Sensex was trading around 48,940 levels, down 275 points. The index hit an intra-day low of 48,587, earlier in the session. Meanwhile, the broader Nifty50 index also gave up the 14,400-mark. ONGC (down 4%) was the top Sensex laggard, followed by Larsen & Toubro and Tech Mahindra (both down 2%). Among other individual stocks, Future Retail shares tumbled 10 percent after the Delhi High Court upheld the Emergency Award that Amazon had won against the Future Retail-RIL deal. The Nifty sectoral indices were painted red, with the Nifty PSU Bank index, down 1.9 percent, bleeding the most. The broader markets fared worse than their benchmark peers, with the S&P BSE MidCap and SmallCap indices trading 1.4 percent and 2 percent down, respectively.

Shares of Easy Trip Planners will list on the bourses today. The company's IPO was subscribed 159 times. The scrip was quoting in the grey market at a 70 per cent premium, as per unlisted market watchers.

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