28 of 30 Sensex stocks ended in the red. M&M, SBI, Axis Bank, ICICI Bank & IndusInd Bank all lost over 3%.
The Indian equity market has outdone other Asian peers since March 24 last year, the day lockdown restrictions were announced in the country
The Reserve Bank of India (RBI) has played a crucial role in supporting the market with a capable monetary policy
Overall market breadth was negative as 881 shared declined versus 789 stocks advancing while 552 stocks remained unchanged.
As many as 20 components in the Nifty index has surged over 100% amid the ongoing bull run on Dalal Street since March 24 last year, the day lockdown
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 83 points at the opening bell
S&P BSE Sensex closed above 50,000 while Nifty 50 zoomed to breach 14,800 levels
In opening trades, Sensex gained 174 points or 0.35% at 49,945. Broader market index Nifty50 is traded at 14,790 jumps 54 points or 0.37%.
Intense selling pressure in banking heavyweights like HDFC Bank, ICICI Bank, IndusInd Bank and Axis Bank pulled down indices
In late trade benchmark Indian equity indices staged a recovery led by realty, IT FMCG, pharma stocks.