MARKET UPDATE:Sensex down 1,400 points, breaching the 53K-mark to around 52,920, while Nifty cracked 450 points to 15,780
Published On: Monday, March 7, 2022 | By: Team KnowMyStock
The Indian benchmark indices started to trade with deep cuts today (7th March 2022) as Brent Crude trading at $130 a barrel and global market sell-off.In morning trades, the BSE Sensex was down 1,400 points, breaching the 53K-mark to around 52,920, while the NSE Nifty50 cracked 450 points to 15,780. The losses were spread across the broader markets with the BSE MidCap and SmallCap indices slipping 2.3 percent each. On the Sensex, top laggards were ICIC Bank, Maruti, Bajaj Finance, L&T, and Asian Paints, down up to 5 percent. On the Nifty, Eicher Motors, Britannia, and Tata Motors were the additional losers.
On the flip side, a handful of stocks that managed to start in the green zone included metal and energy shares including Coal India, ONGC, Tata Steel, and Hindalco, up to 2.5 per cent.
Sectorally, Nifty Bank, Auto and Realty indices cracked 4 per cent each. Nifty IT was down 1.6 per cent, while Nifty Metals was the only outlier in green, holding marginal gains.
Among stocks, JK Cement was trading 5 per cent lower on the bourses. The company had announced its foray into paints business through a new subsidiary.
We are on Telegram!
JOIN our telegram channel to receive updates on Financial News and Stock and FNO Tips.
Click Here!
Follow Us On:
