Financials, auto, realty stocks dip as daily Covid-19 cases hit new peak

India recorded a massive surge of 1.69 lakh Covid-19 cases in the last 24 hours

Shares of financial sector, including banks, non-banking financial companies (NBFCs), and housing finance companies, along with automobiles and real estate companies were under pressure at the bourses, on Monday, falling up to 10 per cent, on the National Stock Exchange (NSE) in intra-day trade on concerns of demand slowdown due to rising Covid-19 cases.

Among financials, RBL Bank, Bank of Baroda, Mahindra & Mahindra Financial Services, L&T Finance Holdings, Indian Overseas Bank, Shrirram Transport Finance, Punjab National Bank and IndusInd Bank slipped over 7 per cent, each. DLF, Sobha, Godrej Properties and Indiabulls Real Estate from realty and Ashok