Sensex tumbles 871 pts; Nifty tanks below 14,650
The Hindu
Bajaj Finance was the top laggard in the Sensex pack, plunging around 6 %, followed by IndusInd Bank, SBI, M&M, Axis Bank, Bajaj Auto and ICICI Bank.
Equity benchmark Sensex tanked 871 points on Monday, dragged by a selloff in financial stocks as spiking COVID-19 cases spooked investors and fanned concerns over economic recovery. After plunging over 1,400 points earlier in the day, the 30-share BSE index pared some losses to finish at 49,159.32, down 870.51 points or 1.74 %. Similarly, the broader NSE Nifty sank 229.55 points or 1.54 % to 14,637.80.
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