Sensex Down Over 900 Points, Dragged By Financial Stocks

The broader markets were also under selling pressure, with the BSE Midcap index and BSE Smallcap index shedding around 1.8 per cent each

The domestic stock markets remained under selling pressure this afternoon, dragged by weakness in financial stocks, as the second wave of Covid 19 continued to batter the country. At 2:00 pm, the BSE Sensex was trading off the intra-day lows at 47, 952.75, weaker by 885.75 points or 1.80 per cent and the NSE Nifty was at 14,360.10, down 262.45 points or 1.8 per cent. All the BSE sectoral indices are trading in the red, with the exception of the pharma and information technology space. The broader markets were also under selling pressure, with the BSE Midcap index and BSE Smallcap index shedding around 1.8 per cent each. India recorded 2,73,810 fresh infections and 1,619 deaths in a new record high in the past 24 hours, taking the caseload to 1.5 crore; 1.78 lakh people have died so far. The extent of the volatility can be guaged by the fact that India VIX, the volatility index, was trading 10 per cent higher at 22.3.