Surging coronavirus cases have become a serious concern with an increasing number of cities and towns declaring night curfews. Unless this second wave of infections peaks out soon and subsides, economic activity will be impacted, according to analysts.
The 30-share pack Sensex fell 154.89 points or 0.31 per cent to close at 49,591.32. The index traded in a range of 445.9 points during the day. Its broader peer NSE Nifty slipped 38.95 points or 0.26 per cent to settle at 14,834.85.
“Yet again, we witnessed a day when all the actions were in the broader market with pharmaceuticals doing well. Provisional data on direct tax collections for the last fiscal kept sentiments buoyant in select FMCG stocks,” said S Ranganathan, Head of Research at LKP Securities.
Market at a glance
IT stocks rally ahead of Q4 earnings; Coforge gains 3%
Fear gauge India VIX declines 3% to slide below the 20 mark; analysts say not to read too much into it
Pharma stocks see rapid buying as Covid cases hit record levels
IPO Watch: Macrotech Developers sails through thanks to QIBs
Vodafone Idea ends in the green as the telecom company forays into IoT
