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Markets will remain closed on 14th April, 2021 on account of Dr. Baba Saheb Ambedkar Jayanti.

Sensex Crashes 1,800 Points; Nifty Trades Below 14,700 Mark
Fri, 26 Feb 02:30 pm | Monish Vora, TM Team

Share markets in India witnessed a sharp sell-off during noon hours today that dragged the benchmark Sensex lower by more than 1,800 points and made the Nifty go below 14,600 levels.

Most of this selling pressure is led by banking and financial stocks with the Nifty Bank, PSU Bank and Financial Services indices all falling up to 5%.

Losses are also seen on the back of weak global cues. Most Asian markets traded lower today after Wall Street's main indexes tumbled, following a steep rise in benchmark US Treasury yields.

As per media reports, US Treasury yields touched to their highest since the outbreak of coronavirus pandemic on expectations of a strong economic expansion and related inflation.

Currently, the BSE Sensex is trading down by 1,464 points, down 2.9%, at 49,574 levels.

Meanwhile, the NSE Nifty is presently trading down by 423 points.

The BSE Mid Cap index is trading down by 1.4%, while the BSE Small Cap index is trading down by 0.5%.

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On the sectoral front, losses are largely seen in the banking sector and finance sector which are trading down by 4.2% and 3.9%, respectively.

Kotak Bank and Mahindra & Mahindra are among the top Nifty losers today.

IIFL Finance is among the top buzzing stocks today.

IIFL Finance said it will launch a public issue of bonds next week to raise up to Rs 10 billion to augment its capital base.

Backed by Fairfax and CDC Group, IIFL Finance will issue unsecured redeemable non-convertible debentures (NCDs), with a base issue size of Rs 1 billion and a green-shoe option to retain oversubscription of up to Rs 9 billion.

The public issue of bonds will open on March 3, 2021 for the purpose of business growth and capital augmentation.

More details to follow in the upcoming commentary.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary


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Stock Market Updates

Sensex Trades Marginally Higher, Dow Futures Up by 17 Points (Today's Market)

Apr 13, 2021 12:30 pm

BSE Sensex is trading up by 167 points, while the NSE Nifty is trading up by 50 points.

Indian Share Markets Open Marginally Higher; ONGC and M&M Top Gainers (Today's Market)

Apr 13, 2021 09:30 am

Indian share markets open in green. The BSE Sensex opened up by 156 points, while the Nifty is trading higher by 52 points.

HEG Share Price Up by 5%; BSE CAPITAL GOODS Index Up 0.7% (Today's Market)

Apr 13, 2021 09:32 AM

HEG share price is trading up by 5% and its current market price is Rs 2,177. The BSE CAPITAL GOODS is up by 0.7%. The top gainers in the BSE CAPITAL GOODS Index are HEG (up 5.3%) and GRAPHITE INDIA (up 7.5%). The top losers are KALPATARU POWER (down 0.1%) and HONEYWELL AUTOMATION (down 0.4%).

BANK OF MAHARASHTRA Share Price Up by 6%; BSE BANKEX Index Up 1.0% (Today's Market)

Apr 13, 2021 09:32 AM

BANK OF MAHARASHTRA share price is trading up by 6% and its current market price is Rs 24. The BSE BANKEX is up by 1.0%. The top gainers in the BSE BANKEX Index is BANK OF MAHARASHTRA (up 5.9%). The top losers is KOTAK MAHINDRA BANK (down 0.3%).

ADANI PORTS & SEZ Share Price Down by 5%; BSE 500 Index Up 0.1% (Today's Market)

Apr 13, 2021 09:26 AM

ADANI PORTS & SEZ share price is trading down by 5% and its current market price is Rs 755. The BSE 500 is up by 0.1%. The top gainers in the BSE 500 Index are GRAPHITE INDIA (up 5.4%) and GSK CONSUMER (up 5.1%). The top losers are ADANI PORTS & SEZ (down 5.3%) and MAH. SCOOTERS (down 5.2%).

MAHINDRA HOLIDAYS Share Price Down by 6%; BSE 500 Index Up 0.1% (Today's Market)

Apr 13, 2021 09:26 AM

MAHINDRA HOLIDAYS share price is trading down by 6% and its current market price is Rs 221. The BSE 500 is up by 0.1%. The top gainers in the BSE 500 Index are GRAPHITE INDIA (up 5.4%) and GSK CONSUMER (up 5.1%). The top losers are MAHINDRA HOLIDAYS (down 6.4%) and MAH. SCOOTERS (down 5.2%).

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