Sensex sheds 397 points today: Five key factors behind the fall

Weakness in index heavyweight Reliance Industries and banking and financial stocks was what dragged indices lower even as IT stocks, without much success, tried to cushion the fall

Sensex Today: The equity benchmark indices declined for the second straight day on Monday. The fall comes on the back of weak macroeconomic data (dip in IIP, rise in inflation) and resurgence in Covid-19 infections. Besides, elevated crude prices and jump in bond yields also weighed on sentiment.

The BSE benchmark Sensex after shedding nearly 1,000 points in intra-day, recouped losses amid a strong start for Eupropean shares and ended 397 points down at 50,395. While its NSE counterpart Nifty shed 101 points to end at 14,930.

Weakness in index heavyweight Reliance Industries and banking and financial stocks was what