Sensex plummets 1800 points; Nifty below 14,300
12/04/2021 14:46
Indian benchmark indices continued to extend losses during the noon trading session as investors are nervous that the hopes of a strong economic rebound and healthy corporate earnings will be dashed if the pandemic is not brought under control soon.

The Indian market has been witnessing strong bouts of volatility since the beginning of March after the COVID-19 cases started to surge again in several states of the country.

As many as 1,68,912 more people tested positive for COVID-19 across the country in the last 24 hours and India is now only the second country after the US to have the maximum number of cases.

At 14:35 hours, the 30-share benchmark index was trading at 47770.7 down by -1820.62 points or by -3.67 % and then NSE Nifty was at 14291.15 down by -543.7 points or by -3.67 %. Sensex touched intraday high of 48956.65 and intraday low of 47755.21 The NSE Nifty touched intraday high of 14652.5 and intraday low of 14278.65 The top gainers of the BSE Sensex pack were Dr. Reddy's Laboratories Ltd. (Rs. 4893.65,+2.82%), among others.

The top losers of the BSE Sensex pack were IndusInd Bank Ltd. (Rs. 843.90,-8.66%), Bajaj Finance Ltd. (Rs. 4512.95,-7.39%), State Bank of India (Rs. 327.35,-7.28%), Axis Bank Ltd. (Rs. 627.40,-6.14%), ICICI Bank Ltd. (Rs. 532.90,-5.92%), among others.

Among the sectors, HCS index was at 22557.9 up by -166.84 points or by -0.73%. Solara Active Pharma Sciences Ltd. (Rs. 1485.05,+8.33%), RPG Life Sciences Ltd. (Rs. 430.35,+6.69%), Dr. Lal Pathlabs Ltd. (Rs. 3310.20,+5.45%), Vimta Labs Ltd. (Rs. 211.75,+4.23%), AstraZeneca Pharma India Ltd. (Rs. 3428.00,+3.41%),.

Realty index was at 2440.51 down by -199.41 points or by -7.55%. DLF Ltd. (Rs. 248.25,-11.16%), Indiabulls Real Estate Ltd. (Rs. 77.75,-8.96%), Sobha Ltd. (Rs. 475.45,-8.44%), Mahindra Lifespace Developers Ltd. (Rs. 493.15,-6.99%), Godrej Industries Ltd. (Rs. 1268.50,-6.91%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3354 , shares advanced were 542 while 2603 shares declined and 209 were unchanged.