Sensex sees 2 weeks of gain wiped out in half a day – plunges by over 1,400 points

Advertisement
Sensex sees 2 weeks of gain wiped out in half a day – plunges by over 1,400 points
BCCL
  • 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%.
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

CompanyToday's closePrevious closeLoss
ONGC89.898.95-9.25%
IndusInd Bank834905.05-7.85%
M&M682732.05-6.84%
SBI253.85271.4-6.47%
NTPC97103.7-6.46%
Tata Steel589.4631.4-6.65%
ITC201.65214.5-5.99%
ICICI Bank493.25517.05-4.60%
Axis Bank578.85609.45-5.02%
Bajaj Finance5002.655252.05-4.75%

Advertisement
*as on 3:30 pm, December 21, 2020

Source: BSE

State-owned crude oil and natural gas company ONGC was the biggest loser, plunging by over 9%.

Advertisement

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%.

Advertisement
Top 5 losers in BSE Midcap

CompanyToday's closePrevious closeLoss
Canara Bank 109.25121.7-10.23%
AB Capital 80.3588.9-9.62%
Tata Power 69.176.15-9.26%
RBL Bank 206.4227.45-9.25%
BHEL 32.635.85-9.07%

*as on 3:30 pm, December 21, 2020

Source: BSE

Advertisement
Top 5 losers in BSE Smallcap

CompanyToday's closePrevious closeLoss
Shalimar Paints 75.0587.6-14.33%
Chennai Petro 93.8109.05-13.98%
Arvind 43.950.1-12.38%
Rane Holdings 570650.1-12.32%
Ramky Infra 43.2549.25-12.18%

*as on 3:30 pm, December 21, 2020

Source: BSE

Advertisement
SEE ALSO:

Antony Waste Handling Cell ₹300-crore IPO opens today — these are the risks and opportunities

3 trend reversals that will define the market in early 2021, according to a stock chief at the world's largest asset manager

Indian aviation stocks up by 34-107% in the last three months, says report
{{}}