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

• 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

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

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

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%

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

Source: 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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