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HomeBusinessMarket Highlights: Sensex tanks over 1,000 pts, Nifty ends below 8,850; IndusInd...

Market Highlights: Sensex tanks over 1,000 pts, Nifty ends below 8,850; IndusInd Bank, Axis Bank drop up to 9%

Share Market Today, Share Market LiveNifty Bank index tanked 1,260 points or 6.69 per cent dragged by IndusInd Bank, RBL Bank and Federal Bank

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity market benchmarks BSE Sensex and Nifty 50 tumbled nearly 3.5 per cent on Monday as economic relief package failed to impress market participants. Sensex tanked 1,027 points or 3.31 per cent to end the session at 30,070, while the Nifty 50 index dropped 314 points or 3.43 per cent to close the session at 8,823. Out of 30 Sensex stocks, 26 scrips ended in deep sea of red. IndusInd Bank was top Sensex loser, down 9.63 per cent followed by HDFC, Maruti Suzuki, Axis Bank and UltraTech Cements. Whle TCS, Infosys, ITC and HCL Tech were the only Sensex gainers today. Except, Nifty IT, all the sectoral indices finished trade in negative territory. Nifty Bank index tanked 1,260 points or 6.69 per cent dragged by IndusInd Bank, RBL Bank and Federal Bank

Global private equity firm General Atlantic (GA) will invest Rs 6,598.38 crore in Reliance Industries and Jio Platforms in exchange for a 1.34 per cent stake in the company on a fully diluted basis. The latest round of investment comes in less than four weeks after Jio Platforms raised funding from Facebook, Silver Lake, and Vista Equity Partners. GA’s round values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore, the company said on Sunday in a statement. With the current round, the digital technology platform has raised Rs 67,194.75 crore from the four leading technology investors.

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Ryan Heltonhttps://etrendystock.com/
A Stock enthusiast since childhood, Ryan is known for his impeccable knowledge in the technology and gadgets niche. He has been working with eTrendy Stock as a contributor for most stock category and his articles are always well-researched and accurate.

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