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Highlights of actions / actions: The benchmark stock indexes on the BSE and the National Stock Exchange (NSE) have ended more than 2 percent less Monday, drawing inspiration from their global peers who sank as raging global Omicron infections threatened to derail the economic recovery.
The S&P BSE Sensex reached 1,189.73 points (2.09%) to settle at 55,822.01, while the larger Nifty 50 finished at 16,614.20, down 371.00 points ( 2.18%). Earlier today, both indices had opened about 1.5% lower and extended their losses to over 3%.
Among the Sensex’s biggest losers were Tata Steel, IndusInd Bank, Bajaj Finance, State Bank of India (SBI), HDFC Bank, NTPC, Kotak Mahindra Bank, Larsen & Toubro (L&T), Reliance Industries (RIL) and Bajaj Finserv. there were only two winners of the day, Hindustan Unilever and Dr Reddy’s Laboratories.
Among the individual actions, Properties of Shriram got off to a weak start and was listed at a discount of more than 23 percent from its issue price. It finished down more than 16% on the NSE.
Among others, the actions of Future Group companies jumped up to 20% on Monday after India’s Competition Commission (ICC) suspended approval for more than two years for Amazon’s deal with Future Coupons and imposed a 202 crore penalty on the retail giant electronic.
(with contributions from agencies)