Indian equities began the last week ahead of the presentation of the Union Budget for financial year 2020-21 on a shaky ground with most counters collapsing like a pack of cards on Monday. Metal stocks were under heavy selling pressure on Monday as investors grew increasingly anxious about the economic impact of spreading of China’s Coronavirus outbreak. The benchmark S&P BSE Sensex plunged 458.07 points, or 1.10 per cent, to settle at 41,155.12 level On the NSE, the broader Nifty50 ended the day at 12,119-mark, down 129.25 points or 1.06 per cent. In the intra-day trade, the index erased 141 points to hit low of 12,107-mark. Sectorally, all the key indices closed in the red barring Nifty Pharma index, which was up 1.4 per cent. Nifty Metal index was the top loser, down 3 per cent, on the NSE, followed by Nifty PSU Bank (down 2 per cent), and Nifty Bank index (down 1 per cent). In
the broader markets, mid and small-caps performed relatively better than the benchmarks on Monday. The S&P BSE midcap index slipped 0.4 per cent to settle at 15,759.01 level. The S&P BSE small-cap index, on the contrary, settled unchanged at 14,846.51.
the broader markets, mid and small-caps performed relatively better than the benchmarks on Monday. The S&P BSE midcap index slipped 0.4 per cent to settle at 15,759.01 level. The S&P BSE small-cap index, on the contrary, settled unchanged at 14,846.51.
Nifty50 closed higher at 12248.25 level, 67.90 points, or 0.56 per cent. Nifty Support : 12090 and 12040 Resistance : 12200 and 12240.
