Investors lost a whopping ₹ 4.89 trillion in five sessions. Market assets stood at ₹ 205.16 trillion on the BSE on Monday, February 15, to contribute to the decline in profit booking, mixed global markets and the benchmark index raised in the Covid-19 case.
In five sessions, the Sensex fell 2,409.81 points from 52,154.13 on February 15 to 49,744.32. Similarly, Nifty broke 6339 points and reached 14665.70 points.
On Monday, benchmark indices ended lower in profit-booking on heavyweight stocks. In line with weak global equities, the Sensex fell 1145 points to 49,744.32 and the Nifty fell 306 points to 14,675. Investors’ assets on the BSE fell 3.72 trillion.
Deepak Jasani, head of retail research at HDFC Securities, said: “The Nifty has fallen 5 per cent from an all-time high in about four sessions. Rising prices that could affect macros and inflation, and a 10-year JC yield increase are the main local factors that have shaken equity markets.
In the Nifty, Eicher Motors was down 5.09% at Rs 2586.10. M&M, Tech Mahindra, Dr Reddy and Axis Bank fell more than 4 per cent on the index of 50 other stocks.
Narendra Solanki, Head-Equity Research (Fundamental), Anand Rathi Shares and Stock Brokers, said: Began to flow lower and the red COIDID-19 increased the number of infections as new concerns began to trade that contributed to the fear that the economic impact would be greater than previously estimated.
“Also, major Western markets have failed to provide any support as rising equity investors have begun to trade red in recent weeks, raising concerns about rising bond yields, which could hurt high-growth institutions relying on easy orrowing. On the sectoral front, today’s fall was IT. The banking, financial, realty, auto sector leadership and the only sector in green business remain as metals. “
The BSE Mid Cap Index and the BSE Small Cap Index fell 269 points and 201 points to 19,766 and 19,662, respectively.
Market broadness was negative as 2,006 stocks were lower marginally higher than 1025 on the BSE. 148 shares were unchanged.
Shares rose 223 points to their 52-week high, hitting their 44-week low against the backdrop of negative sentiment in the market, with 277 stocks falling to their high circuits and 287 falling to their lower circuits, respectively.
Foreign institutional investors bought $35.49 billion worth of shares free of charge and had net sellers of $4.47 billion in the fiscal market, respectively, and domestic institutional investors sold Rs 1.39 trillion worth of shares, according to the exchange.