Sensex falls amid global sell-off


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

Sensex falls amid global sell-off

Indian stocks tanked today (20th August 2021) following their global peers as the fear of earlier-than-expected Fed tapering set off a selling spree. Barring select names in the IT sector, all sectoral indices traded in the red. Metals were among the worst hit as they also dealt with plunging iron ore and other metal futures prices. India VIX, barometer of volatility, surged nearly The 30-share Sensex index declined 300 points, or 0.4 percent, and closed at 55,329 levels on Friday while the Nifty50 index ended at 16,451 levels, down 118 points or 0.7 percent. Both the indices had hit intra-day lows of 55,014 and 16,376, respectively, earlier today(20th August 2021).

The broader markets, meanwhile, were hit harder by the selloff as both, the BSE MidCap and SmallCap indices fell 2 percent each. The advance to decline ratio favoured sellers and India VIX (the volatility index) surged 8.6 percent.

Sectorally, the Nifty Metal index cracked 6 percent while the FMCG index rose 2 percent.

"Despite the wall of worry, which investors are being forced to climb, the main Indian Indices are still comfortably in positive territory,” say experts.

We are on Telegram!

Telegram Logo

JOIN our telegram channel to receive updates on Financial News and Stock and FNO Tips.

Click Here!

Follow Us On: