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
The Sensex fell 1,939 points, or 3.80 per cent, to end at 49,100 -- its biggest loss since May 4 last year -- while the Nifty closed at 14,529, down 568 points, or 3.76 per cent
In 2012, India had seen foreign portfolio investor (FPI) flows of Rs 1.3 trillion ($24.5 billion) and in 2013 about Rs 1.1 trillion ($20 billion)
The benchmark BSE Sensex crashed more than 1,900 points
10-year government bond yield hardened to 6.23 per cent on Friday, up 0.05 per cent from 6.18 per cent on Thursday, February 25
The market breadth was in favour of the bears with the advance-decline ratio at nearly 1:2
Tumbles 2.3% in fifth straight day of loss amid rise in bond yields, Covid cases
The equity market recorded its biggest single-day fall in two months
Index heavyweights, Reliance Industries, HDFC, TCS, ITC and ICICI Bank were among the top Sensex drags
The volatility remained high ahead of the monthly F&O expiry on Thursday
Most global stocks dropped, with investors pruning their bullish bets as rising Covid-19 cases sparked concerns about corporate earnings and economic revival
Investor wealth on Friday declined over Rs 2.23 trillion as markets cracked
BNP Paribas expects Sensex to hit 50,500 by December 2021. JP Morgan, meanwhile, expects Nifty50 to scale 15,000 levels by the end of next year
Monday's fall saw investor wealth shrink by Rs 6.6 trillion, based on the market capitalisation of all listed companies on the BSE
The volatility index, India VIX, spiked 24.52 per cent to 23.19
Analysts said the market had entered overbought territory and was precariously poised after the sharp run-up this month
The Nifty50 index lost 291 points to settle at 11,680 levels. Besides, weakness in global markets due to renewed restrictions in European countries to stem the possible second wave
The S&P BSE Sensex plunged 1,172 points in the intra-day deals on the BSE, while Nifty50 index tanked 342 points on the NSE
The domestic market continued to trade weak amid a global sell-off triggered by concerns about rising Covid-19 cases and news reports on suspicious transactions involving international banks.
"I expect market volatility to remain high as the US election approaches," says Holland.