Monday's trading session was a bloodbath for both Sensex and Nifty amid weak global cues which led to a broad-based selloff on the domestic front. Midcap indices underperformed benchmarks. While all sectoral indices recorded heavy profit booking.
Sensex closed at 48,564.27 down 470.40 points or 0.96%. The index has touched an intraday low of 48,403.97.
On Sensex - 4 scrips advanced and these were
RIL, Titan, HDFC Bank and ITC surging between 1-2.4%. Meanwhile, 26 scrips declined which included ONFC, Power Grid, Bajaj Finance, Sun Pharma, IndusInd Bank and Dr Reddy's down between 3-5%.
Witnessing similar bears, Nifty 50 closed at 14,281.30 lower by 152.40 points or 1.06%.
On Nifty 50, 6 stocks advanced including UPL, RIL, Titan and
HDFC Bank soared from 1-6%.
However, Nifty 50 recorded 44 scrips on the decline side and Tata twins along with major metal stocks weighed most on the index.
Tata Motors was the top underperformer on NSE down by 6.07% followed by
Tata Steel below 5.8%, ONGC lower by 4.9%, Hindalco and JSW Steel down 4.2% each.
Nifty Midcap indices have plunged between 2-2.5%. Similarly, BSE MidCap dipped by 2%.
On the sectoral indices front - Nifty Metal dived by 4% followed by Nifty Pharma lower by 3% and Nifty Auto below 2%. Banking, IT, realty and media stocks indexes also tumbled between 1-2%.
At the global front, Asian markets paring Chinese and Hong Kong shares, closed broadly lower following a retreat on Wall Street.
The Hang Seng, Shanghai Composite settled near 1% higher after data showed the Chinese economy grew a solid 2.3% in 2020.
On the other hand, Tokyo's Nikkei 225 dropped to near 1% to 28,242.21 and South Korea's Kospi closed 2.33% lower to 3,013.93. Australian ASX 200 also ended 0.78% lower.
Indian rupee closed at 73.306 against US dollar benchmark at the interbank forex market.