Mumbai, Oct 7 (UNI) The bearish run on the D-street continued unabated as the BSE Sensex crashed another over 638 points on the sixth consecutive day on Monday to close at 81,050 following escalation in the Israel-Iran conflict, wiping out nearly Rs 22 lakh investors’ wealth in the last three sessions.
The investors are also cautious ahead of RBI’s monetary policy meeting a day after tomorrow.
The National Stock Exchange (NSE) also fell 218.85 pts at 24,795.75.The Foreign Institutional Investors (FIIs) continue to withdraw funds from the Indian market.
The FIIs sold equities in the cash segment worth Rs 9897 crore while the Domestic Institutional Investors (DIIs) had bought equities to the tune of Rs 8905 crore in the last trading session on Friday, according to data available.
High volatility was witnessed on Monday, as the Sensex opened in a recovery mode at 81,926.99, up 238 points from its previous close on Friday.
It rallied 449 points to touch day’s high of 82,137.77.
Later, it dropped 962 points to 80,726.05 before settling slightly higher from day’s low.
The NSE registered days high and low at 25,143 and 24,7694.35 respectively.
The stocks that fell were Utilities by 3.63 per cent, Power by 3.14 per cent, BSE services by 3.12 per cent, and Telecommunications by 2.49 per cent.
The Mid-cap fell by 1.87 per cent and the Small-cap by 3.27 per cent. In the 30-scrips BSE Sensex, shares of 8 companies advanced, while that of 22 declined.
The major losers in today’s trade were Adani Power by 4.08 per cent to Rs 1355.35, NTPC by 2.49 per cent to Rs 417.30, SBI by 2.96 per cent to Rs 773.05, Powergrid by 2.89 per cent to Rs 329 and Axis Bank by 2.31 per cent to Rs 1150.30.
The gainers included were ITC by 1.33 per cent to Rs 510.55, Bharti Airtel by 1.31 per cent to Rs 1662.25, M& M by 1.12 per cent to Rs 3050.70 and Bajaj Finance by 0.74 per cent to Rs 7263.30.
