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Investors lose ₹4.23 lakh cr. as global sell-off hits stocks
The Sensex dived 812 points while the Nifty closed below the 11,300-mark on Monday, in tandem with a global sell-off after a resurgence of COVID-19 cases in Europe stoked fears of another round of lockdowns.
Denmark, Greece and Spain have imposed fresh curbs to tackle a surge in infections. Britain too is considering a second lockdown, prompting investors in Europe to offload travel, consumption and banking stocks.
Falling for the third straight session, the BSE Sensex ended 811.68 points, or 2.09%, lower at 38,034.14. The NSE Nifty tumbled 2.21% to 11,250.55. IndusInd Bank was the top loser in the Sensex pack, sliding 8.67%, followed by Bharti Airtel, Tata Steel, ICICI Bank, M&M, Maruti and Axis Bank.