Indian benchmark equity indices, Sensex and Nifty ended sharply lower Thursday dragged by heavy selling across the board on the F&O expiry day and lost over one and a half percent.
The March 2021 series turned out to be the worst since March 2020 in absolute terms and Sensex, Nifty & Nifty Bank post the biggest series fall in a year.
Among sectors, except for IT & FMCG, all sectoral indices give negative returns in March series.
Coal India, GAIL, ONGC, Hero Moto, Tata Motors top Nifty losers in March series while Grasim, Infosys, UltraTech Cement, JSW Steel, HCL were the top Nifty gainers in this series.
As for today’s fall, the market erased all the gains since budget, closed at nearly 2-mth lows; Sensex, Nifty & Midcap Index fell 2% each, Nifty Bank fell 1%.
BSE Companies erased market cap of more than Rs 4 lakh cr today.
The Sensex plunged 740 points, or 1.51% to 48,440, while the Nifty ended 224 points, or 1.5% lower at 14,324. Broader markets also fell for the day with the midcap and smallcap indices down over 2% each.
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