Mumbai, December 21
The Sensex fell 635 points, while the Nifty closed below the 18,200 mark on Wednesday, as the rising number of Covid cases in China and concerns over the resurgence of the epidemic elsewhere dampened risk appetite.
Falling for the second day in a row, the BSE Sensex fell 635.05 points to 61,067.24. The Nifty fell by 186.20 points to end at 18,199.10.
IndusInd Bank was the biggest laggard in the Sensek pack, down 2.28%, followed by Maruti Suzuki, UltraTech Cement, Bajaj Finserv, ICICI Bank, Tata Motors and Akis Bank.
Sun Pharma topped the list of index gainers with a jump of 1.67%. HCL Technologies, Tech Mahindra, TCS, Nestle India, Wipro and Infosis were the other gainers, rising as much as 1.01%.
“Bears continued to wreak havoc on the domestic market as Wall Street snapped a losing streak ahead of the release of US GDP data.” While all other sectors bled, pharma stocks were high on renewed fears of the global Covid outbreak and IT witnessed bargain buying,” said Vinod Nair, head of research at Geojit Financial Services.
Siddhartha Khemka, director of retail research, Motilal Oswal Financial Services — said Covid-related sectors such as pharma and diagnostics were in focus in Wednesday’s session and are expected to maintain momentum.
In the broader market, the BSE small-cap gauge fell 2.18% and the mid-cap index fell 1.40%. — PTI
Sensex falls by 635 points
- The Sensex fell 635 points, while the Nifty lost 186 points to end below the 18,200 mark
- IndusInd Bank is the biggest laggard, followed by Maruti Suzuki, UltraTech Cement, Bajaj Finserv, ICICI Bank, Tata Motors and Akis Bank