Sensex Tanks 571 pts, Nifty50 Settles Below 17,200; Asian Paints, PowerGrid Top Losers
Sensex Tanks 571 pts, Nifty50 Settles Below 17,200; Asian Paints, PowerGrid Top Losers
In the broader markets, the BSE MidCap and SmallCap indices were mixed with the former in red, while the latter held gains of 0.26 per cent

Benchmark indices ended the session on March 21 deep in the red amid volatility. Sensex fell 571.44 points or 0.99 per cent at 57292.49, and the Nifty was down 69.40 points or 0.98 per cent at 17117.60. About 1516 shares have advanced, 1919 shares declined, and 140 shares are unchanged.

Among the sectors, auto, banks, realty and power shed over a percent each while buying was seeing in metal names. The midcap index shed half a per cent while the smallcap index added over 0.5 per cent.

Energy-linked stocks, including Coal India, Hindalco, UPL, Tata Steel, and NTPC, were among the top gainers today, rising upto 3.3 per cent. They were supported by HDFC Bank, Sun Pharma, Cipla, and Titan.

The trend in the broader market was mixed with the BSE MidCap index ending 0.7 per cent down while the BSE SmallCap index added 0.4 per cent. In comparison, the frontline indices fell 1 per cent.

Individually, shares of Dodla Dairy surged 19 per cent to Rs 548 on the BSE in Monday’s intra-day trade after the company announced acquisition of dairy products company Sri Krishna Milks Private Limited for a cash consideration of Rs 50 crore.

Shares of Greaves Cotton moved 6 per cent higher to Rs 187.50 on the BSE in Monday’s intra-day trade, having rallied 15 per cent in the past two trading days, on the back of heavy volumes after the company entered into a pact with Bounce Infinity to provide battery swapping stations for Greaves Electric Vehicles.

Overall, sellers outnumbered buyers on the BSE with 1,561 stocks ending in the green as against 1,965 stocks that closed in the red.

Sectorally, only the Nifty Metal and Media indices ended in the green, inching up 1.3 per cent and 0.3 per cent, respectively. The top laggards were the Nifty FMCG index, down 2 per cent, and the Nifty PSU Bank index, down 1.5 per cent.

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