Sensex down 400 pts, Nifty below 14,800; Bajaj twins, IndusInd Bank top loser

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Indian benchmark indices, Sensex and Nifty, opened in red on Monday, tracking negative trading at Singapore Nifty futures. The BSE Sensex opened 327 points, or 0.65 per cent lower at 49,702, while the NSE Nifty 50 belled at 14,790, down 76 points or 0.51 per cent. Extending opening losses, Sensex was trading at 49,616.51, down by 413.32 points or by 0.83 per cent, and the NSE Nifty was quoting at 14,760.95, down by 106.4 points or by 0.72 per cent. IndusInd Bank, Bajaj Finance, Bajaj Auto, State Bank of India, Axis Bank were among top losers, falling between 2-3 per cent. On the other hand, Infosys, HCL Technologies, Tata Consultancy Services Ltd. (Rs. 3190.00,+0.76%), Tech Mahindra and UltraTech Cement were among notable gainers. On the sectoral front, bank and realty stocks were down over 1 per cent, while metal and IT sectors gained over 1 per cent.

On Thursday, the Indian equities, BSE Sensex and NSE Nifty, ended on strong note amid broad-based buying. The BSE Sensex reclaimed 50,000 by closing 520 points, or 1.05 per cent higher at 50,029, while the NSE Nifty 50 settled at 14,867, up 176 points or 1.2 per cent. The American jobs plan as well as record GST collections perked up sentiments despite a long weekend as India rolled out a larger vaccine program.

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