Equity indices slipped on Monday with the benchmark BSE Sensex falling nearly 400 points dragged by banking and financial stocks.
After hitting a low of 49,799 during the 30-share BSE index made some recovery to finish 397 points or 0.78 per cent lower at 50,395.
rime losers within the sensex pack included Bajaj Finserv, Bajaj Finance, Bajaj Auto, L&T and Asian Paints with their shares falling as a lot as 2.81 per cent.
Tech Mahindra, PowerGrid, IndusInd Financial institution, HCL Tech and NTPC had been the most important losers falling as a lot as 2.3 per cent.
On the NSE platform, sub-indices Nifty Media, Financial institution and Monetary Providers falling as much as 1.44 per cent.
A mixture of rising Covid-19 circumstances, a soar in core inflation and a fall in industrial output weighed on market sentiment, Aishvarya Dadheech — a fund supervisor at Ambit Asset Administration instructed information company Reuters.