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Investors lose Rs 1.2 trillion as Sensex drops 587 pts amid global sell-off

Sectorally, the Nifty Bank index declined over 2 per cent, led by losses in HDFC Bank (down over 3 per cent)

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SI Reporter  | New Delhi 

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EVENT HIGHLIGHTS

Stock market updates: Domestic markets fell in-line with global stocks as potential third waves in the US and the UK, and a spike in coronavirus cases in Japan and Australia desite lockdown-like restrictions, stalled growth rally.

The benchmark S&P BSE Sensex plunged 587 points, or 1.1 per cent, to end at 52,553 while the Nifty50 ended below the 15,750-mark at 15,730 levels, down 193 points. In the broader markets, the BSE MidCap and SmallCap indices fell 0.58 per cent and 0.31 per cent, respectively.

Sectorally, the Nifty Bank index declined over 2 per cent, led by losses in HDFC Bank (down over 3 per cent) as the deterioration in the lender's asset quality in Q1FY22 sparked fears of a blow to economic recovery.

Global cues
Japan's Nikkei fell 1.25 per cent, South Korea's Kospi erased 1 per cent, and pan-European STOXX 600 index cracked 1.6 per cent. Stock futures of all three main Wall Street indices were also down between 0.7-0.9 per cent.


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