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Domestic markets wiped off opening gains and edged lower in Monday’s intra-day trade, weighed by losses in IndusInd Bank, Tata Motors, M&M, SBI, Infosys, Titan, among many others.
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Market LIVE Updates
Domestic markets wiped off opening gains and edged lower in Monday’s intra-day trade, weighed by losses in IndusInd Bank, Tata Motors, M&M, SBI, Infosys, Titan, among many others.
Key indices Nifty50 dropped nearly 200 points to near about 17,200 levels, whereas the S&P BSE Sensex slumped over 1,000 points from the day’s high of 59,511. The BSE index was now down 650 points at 58,500-odd levels.
Broader markets, too, were tepid as Nifty Midcap 100 and Nifty Smallcap 100 indices lowered up to 1 per cent. Volatility gauge, India VIX, meanwhile, jumped over 9 per cent.
Barring Nifty Metal index, which held marginal gains, all sectors nosedived in the sea of red. Nifty Media index was the worst hit as it slipped over 2 per cent.
Among individual stocks, shares of Tech Mahindra soared 9 per cent as Infosys’ veteran Mohit Joshi is set to replace C P Gurnani as MD & CEO. READ MORE
Besides, shares of IndusInd Bank slipped 5 per cent after the RBI approved re-appointment of Sumant Kathpalia as MD & CEO for two years as against the board’s approval for 3 years. READ MORE
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