 "market, bse, nse, sensex, coronavirus")
Gains in global equities saw the benchmark indices moving up as much as 2 per cent intra-day on Monday. However, the sharp sell-off in banking stocks amid a spike in government yields resulted in the indices erasing all the gains to end marginally lower.
Markets couldn't hold the strength during the day as selling pressure was witnessed in heavy index, erasing majority of gains in the afternoon session as Covid-19-related one-time provisioning was seen undercutting the earnings on the financial firms, he added.
