Sensex sees 2 weeks of gain wiped out in half a day – plunges by over 1,400 points
Dec 21, 2020, 15:53 IST
- Indian share markets felt the pinch on Monday, with the Sensex plummeting by over 1,400 points.
- All the thirty stocks in Sensex were in the red, with public sector banks losing the most.
- Market heavyweight Reliance Industries fell by over 8% in day’s trade, before staging a recovery and ending up lower by under 3%.
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The BSE Sensex plunged by over 1,400 points on December 21, wiping away two weeks of gains in half a day. All the thirty stocks in Sensex were in the red. Public sector banks were the worst hit – State Bank of India and Punjab National Bank lost over 5% today.This is the sharpest fall in three months - the previous major fall was on September 24, 2020, when the Sensex plunged by nearly 3%.
Top 10 losers on Sensex
| Company | Today's close | Previous close | Loss |
| ONGC | 89.8 | 98.95 | -9.25% |
| IndusInd Bank | 834 | 905.05 | -7.85% |
| M&M | 682 | 732.05 | -6.84% |
| SBI | 253.85 | 271.4 | -6.47% |
| NTPC | 97 | 103.7 | -6.46% |
| Tata Steel | 589.4 | 631.4 | -6.65% |
| ITC | 201.65 | 214.5 | -5.99% |
| ICICI Bank | 493.25 | 517.05 | -4.60% |
| Axis Bank | 578.85 | 609.45 | -5.02% |
| Bajaj Finance | 5002.65 | 5252.05 | -4.75% |
*as on 3:30 pm, December 21, 2020
Source: BSE
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Market heavyweight Reliance Industries fell by over 2%. The company’s shares hit a day’s low of 1856.05, which is a fall of over 8% from the day’s high of 2022. It staged a recovery by closing at 1944.90.
The steep fall in Sensex reflected selloff across Asian markets, despite the news of a deal on the much-awaited stimulus bill. Concerns over a new virulent strain of coronavirus sent the Brent crude oil price tumbling by $2.
Stocks in the midcap and smallcap also fell, plummeting by over 14%.
Top 5 losers in BSE Midcap
| Company | Today's close | Previous close | Loss |
| Canara Bank | 109.25 | 121.7 | -10.23% |
| AB Capital | 80.35 | 88.9 | -9.62% |
| Tata Power | 69.1 | 76.15 | -9.26% |
| RBL Bank | 206.4 | 227.45 | -9.25% |
| BHEL | 32.6 | 35.85 | -9.07% |
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*as on 3:30 pm, December 21, 2020Source: BSE
Top 5 losers in BSE Smallcap
| Company | Today's close | Previous close | Loss |
| Shalimar Paints | 75.05 | 87.6 | -14.33% |
| Chennai Petro | 93.8 | 109.05 | -13.98% |
| Arvind | 43.9 | 50.1 | -12.38% |
| Rane Holdings | 570 | 650.1 | -12.32% |
| Ramky Infra | 43.25 | 49.25 | -12.18% |
*as on 3:30 pm, December 21, 2020
Source: BSE
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