MARKET UPDATE:Sensex declined 383 points to 57,900 levels while the Nifty gave up 17,300-mark and was down 97 points
Published On: Tuesday, December 14, 2021 | By: Team KnowMyStock
The BSE Sensex declined 383 points, or 0.66 percent, to 57,900 levels in early deals, dragged by Bajaj Finance, HDFC, IndusInd Bank, Infosys, and Kotak Bank in today's (14th Dec.2021) early deals in the background of WHO's grim statement on the 'Omicron' coronavirus variant, coupled with a downward revision of growth forecast by the Asian Development Bank (ADB). The NSE Nifty, on the other hand, gave up 17,300-mark and was down 97 points. In the broader markets, the BSE MidCap and SmallCap indices dipped up to 0.5 percent. Among individual stocks, shares of Shriram Transport Finance dropped over 3 percent after the Group announced a restructuring plan. As part of the plan, the Shriram Group, Shriram Capital, and Shriram City Union Finance will merge with Shriram Transport Finance Company. Those of Greenlam, on the contrary, were up 6 percent as the company plans to invest Rs 950 crore in 2-3 years as part of its Capex plan.
Sectorally, the Nifty Pharma index was up 1 per cent, followed by the Nifty Metal index (up 0.34 per cent). The Nifty Bank and Financial Services indices were down 1 per cent each.
After starting gap-down, the frontline indices were quick to bounce back amid gains in metals, pharma, and select FMCG stocks.
New listing: Shares of Anand Rathi Wealth debuted on the BSE at Rs 602 per share, up 9.4 per cent against the issue price of Rs 550.
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