D-St Bloodbath : Sensex Ends Lowest in 2 Months; Investors Lose Over Rs 9 Lakh Cr

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D-St Bloodbath : Sensex Ends Lowest in 2 Months; Investors Lose Over Rs 9 Lakh Cr
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The Indian equity benchmark indices Nifty50 and BSE Sensex 30 extended losses for the fifth consecutive session, amid heightened sell-offs, ending a volatile session in the red.

Nifty50 closed the first day of pre-Budget week 2.66% lower, while the 30-scrip Sensex declined 2.62%, ahead of two-day Fed policy meet starting tomorrow, global inflationary pressure, increased geopolitical tension, and FPIs withdrawing money due to the Fed’s tapering.

Sensex logged its highest daily fall since November. India VIX rose 24%.

According to NSDL data, foreign investors have drawn out Rs 8,800 crore from Indian equities by far in January 2022. Investors on Dalal Street lost Rs 9.15 lakh crore on Monday and Rs 20 lakh crore in the past 5 sessions.

All the sectoral indices on the Nifty50 basket closed in red, ranging from 1.7-5.9%. While Nifty Realty led the losses, sinking 5.9%, Nifty Bank ended 1.67% low.

While all sectors witnessed heavy corrections, new age stocks like Nykaa (NS: FSNE ), Zomato (NS: ZOMT ) and PB Fintech (NS: PBFI ) bled, as they sank up to 20% on Monday.

The broader markets lagged compared to the benchmark indices, as S&P BSE MidCap sank 3.8% and S&P BSE SmallCap dived 4.4%. Analysts believe that in the near term, no positive triggers appear as US equities trend lower. As a result, many large-cap companies have dropped 20-30% so far in 2022, compared to 2021.

Expert Manish Sonthalia believes that the mayhem on the Street is going to get nastier.

All the stocks on Sensex ended deep in red, down 6-0.5%, and except for Cipla (NS: CIPL ) and ONGC (NS: ONGC ), all the scrips listed on Nifty50 sank on Monday.

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  • Charanjeet Sandhu @Charanjeet Sandhu
    Nifty & Bank Nifty will close in red on this coming (27Jan)week' s expiry.
    Like 0
  • Amit Kumar @Amit Kumar
    hlw sar
    Like 0
  • JAI SINGH @JAI SINGH
    Sell the News , Buy the event
    Like 1

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