MARKET UPDATE:Sensex tumbled 495 points to hit a low of 59,125 while Nifty gave up 17,700-mark, down 87 points
Published On: Monday, November 22, 2021 | By: Team KnowMyStock
Indian equity markets started the week on a negative note amid an across-the-board selloff. The frontline S&P BSE Sensex fell 259 points, or 0.43 percent, to quote at 59,377 levels in opening deals. The index extended its decline further and tumbled 495 points to hit a low of 59,125. The Nifty50, on the other hand, gave up 17,700-mark, down 87 points. Shares of RIL dropped 4 percent after the company, late on Friday, called off the deal with the global oil giant Saudi Aramco for a 20 percent stake acquisition by the Saudi firm in the oil to chemicals (O2C) business of the former company. On the upside, Bharti Airtel shares advanced 5 percent after the telecom major revised tariff on prepaid talk-time plans earlier today by 20-25 percent and data top-up plans by 20-21 percent.
In the broader markets, the BSE MidCap and SmallCap indices fell 0.9 per cent each.Here, Paytm shares fell another 7.5 per cent in early deals after the company's monthly business update.
Sectorally, all the indices were in the red, led by Realty index (down 2.5 per cent) and Auto index (1.4 per cent).
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