Indian benchmark indices plunged today(19th July 2021) joining the global sell-off on unchecked virus surge in parts of Asia and faltering economic growth. Metal and banks were among the biggest losers on indices.
The 30-share pack Sensex declined 586.66 points or 1.1 percent to close at 52,553.40.NSE Nifty dipped 171 points or 1.07 percent to 15,752.40.
During the sell-off, equity investors lost Rs 1.16 lakh crore as the total market capitalization of BSE-listed companies rose to Rs 234.46 lakh crore.
"Shadowing global sell-off, Indian indices slipped, succumbing to world inflation woes, FOMC meeting next week and rising covid cases. Banks led the domestic downtrend as initial quarterly results pointed to cautious asset quality due to the impact of the second wave,” said an expert.
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