Indian equity indices took a massive hit on Monday, with the Sensex and Nifty falling by more than 2% each. The markets began the day on a downbeat note, as global sentiment remained cautious in the face of growing outbreaks of the omicron variant of the coronavirus throughout the world.

Also Read| Trade Setup: Top 15 things to know before market opens on December 21, 2021

Sensex finished at 55,822.01, down 1189.73 points, or 2.09%, after trading in a range of 55,132.68 to 56,538.15 in the previous session. On the index, there were two stocks that advanced and 28 stocks that declined while Nifty ended at 16,614.20, down 371.00 points or 2.18%, after trading between 16,410.20 and 16,840.10. On the index, there were three stocks that advanced and 47 that declined.

Also Read| CMS Info Systems IPO opens on December 21: All you need to know about the offer

IMP Powers, Zodiac Energy, Indo Thai Securities, Megasoft, Digjam, SEL Manufacturing Company, Servotech Power Systems, and Tantia Constructions have made fresh 52 weeks high on Monday.

Sterlite Technologies has recently announced the general availability of Programmable FTTx (pFTTX), a software-defined, open, and disaggregated solution that will make fibre networks highly intelligent and responsive.

Also Read| Sebi suspends futures trade in key farm commodities to combat inflation

Bajaj Auto, Bandhan Bank, Colgate Palmolive, Hero Motocorp, Lupin, MRF, and Petronet LNG have hit a 52-week low on Monday.

Wardwizard Innovations & Mobility has informed the exchange that it has signed a Memorandum of Understanding (MOU) with the Gujarat government to invest Rs 500 crore.

IDEA, YESBANK, GTLINFRA, VISESHINFO, and JP POWER were the most active equities on NSE.

Also Read| Global M&A activity breaks all-time record levels in 2021

Axis Bank proposed to raise funds by issuing senior unsecured taxable redeemable non-convertible debentures of Rs 10 lakh each for cash at par with a base issue size of Rs 2,000 crore and green-shoe option to retain over-subscription of Rs 3,000 crore, thereby aggregating up to Rs 5,000 crore.

LICNFNHGP, LICNETFSEN, JSWHL, NETF, and BSLNIFTY were the top volume gainers.

Adani Transmission announced that it has completed the construction of one of India’s longest intrastate transmission lines of 897 circuit km. This will provide transmission services to Long-Term Transmission Customers (LTTC) with 35 years of runway ahead.

Also Read| Softbank-backed Snapdeal files for IPO

ANKITMETAL, ANTGRAPHIC, AXISCADES, BALLARPUR, and BARTRONICS hit the upper price band while 21STCENMGM, 3IINFOLTD, 63MOONS, A2ZINFRA, and ABAN hit the lower price band. There were 63 securities that hit the upper band while 280 hit the lower band on December 20, 2021.