Sensex hits 3-week low, ends 1,145 points down; Nifty holds 14,650, Business & Economy News

By | February 22, 2021

Sensex hits 3-week low, ends 1,145 factors down; Nifty holds 14,650, Enterprise & Economic system Information

Indian inventory markets nosedived on Monday as they continued to fall for the fifth consecutive buying and selling session; Sensex and Nifty have been underneath the robust grip of bears.

The BSE barometer of the 30-share index settled at a 3-week low of 49,744 ranges, down 1,145 factors or 2.25 per cent. The Nifty50 index managed to finish above the 14,650-mark at 14,676, down 306 factors or 2 per cent. 

Home equities rose sharply within the first two weeks of February because of strong company earnings and a well-received federal finances, however markets have pared a few of these features in latest classes as a result of profit-taking.

International markets

World shares sank on Monday as expectations for quicker financial progress and inflation battered bonds and boosted commodities, whereas rising actual yields made fairness valuations look extra stretched as compared.

MSCI’s All Nation World Index, which tracks shares throughout 49 international locations, was down 0.4 per cent after the beginning of European commerce.

The pan-European STOXX 600 index was down 1 per cent, at its lowest in 10 days. Germany’s DAX, France’s CAC 40 and Spain’s IBEX 35 index fell 1 per cent every, Britain’s FTSE 100 misplaced 0.85 per cent and Italy’s FTSE MIB index fell 0.9%.

S&P 500 futures fell to their lowest since Feb. 4, down 1% on the day.

(With inputs from Reuters)

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