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On Monday, the domestic markets witnessed sharp sell-off amidst rising Covid cases in India, along with other factors like SVB crisis, Adani fraud allegations, fear of aggressive rate hikes and continuous FII selling.

Nifty closes at 17,400 level; Sensex tanks nearly 700 points as banks and realty plunge

Tata Motors, NTPC and Maruti Suzuki emerged as the top gainers from the Nifty 50 stocks

Rohit Kale 0 778 Article rating: 5.0

In a volatile end to the Friday’s session, Nifty finally closed at 17,400 levels, down by 1 per cent. S&P BSE Sensex lost 671 points while Nifty Midcap and Nifty Smallcap plunged 0.75 per cent and 0.89 per cent respectively.

Nifty closes below 17,600 level; Sensex tanks over 500 points as auto and PSU Banks plunge

Auto, PSU Bank, Realty, FMCG and IT indices lost over a per cent and were the primary contributors towards the fall.

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It was a disappointing day as the benchmark indices showed no sign of recovery whatsoever. NSE Nifty 50 index closed at day’s low below 17,600 level. It slipped 0.93 per cent while S&P BSE Sensex tanked 541 points.

Strong rally from auto and energy stocks pushes Nifty above 17,750 level; Adani stocks jump amid strong buying interest

IndusInd Bank, Adani Enterprises, Adani Ports emerged as the top gainers amongst Nifty 50 stocks

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Indices saw a strong short covering rally towards the end as Nifty surged quarter per cent to close above 17,750 levels while S&P BSE Sensex gained 123.63 points. Nifty jumped about 50 points in the last half hour of the session.

Nifty closes above 17,700 level; IT and auto rally, realty slips

IT and auto were the top performers amongst the sectors while realty and PSU Banks dragged the markets.

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Indices witnessed slight correction in the last hour of the session after rallying over a per cent. NSE Nifty settleed above 17,700 level and surged 0.67 per cent while S&P BSE Sensex jumped 415 points.

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