Share Market Highlights: Sensex tanks more than 1,000 pts, Nifty below 17,450

November 22, 2021December 29, 2021 Pratyusha

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic benchmark indices closed deep in red on Monday amid a fierce bear attack on Dalal Street.

Market participants resorted to severe selling on disappointment over IPO values, the suspension of the RIL-Saudi Aramco transaction, and sustained selling by foreign investors, sending key benchmark indices into rapid fall.

During its exceedingly brief stay in the positive zone this morning, the BSE benchmark index, the Sensex, reached a high of 59,778; however, as the day progressed, the index fell to lower levels. The selling pressure was so fierce that the BSE benchmark fell to a low of 58,012 in intra-day trades, a drop of 1,766 points.

The Sensex, on the other hand, recovered a little near the end of the trading session, but it still concluded the day with a substantial loss of 1,170 points at 58,466. The BSE index has lost 2,253 points (3.7%) in the last four trading sessions as a result of this.

The NSE Nifty fell below 17,500 points, closing at 17,417, a loss of 348 points.

Bajaj Finance, Bajaj Finserv, Reliance, NTPC, SBI, and Titan were among the top losers in the sensex pack, with their shares plunging as high as 5.74 percent. Twenty-six of the thirty stocks ended the day in the red.

The sole gainers were Bharti Airtel, Asian Paints, Power Grid, and IndusInd Bank, which all rose by up to 3.7 percent.

All sub-indices on the NSE platform ended in the red, with the Nifty PSU Bank, Realty, Oil & Gas, and Auto being the worst losers, plunging as high as 4.51 percent.