Concerns over the rapid spread of the omicron strain of the coronavirus and the resulting lockdowns prompted a sell-off in markets worldwide, which spilled over into India as well. This week has begun with a bang, with the Nifty50 and Sensex falling nearly 3% each during the day, while the Nifty Midcap 100 and Nifty Smallcap 100 fell about 5%. 

Also Read| Closing Bell: Sensex declines 1189 points while Nifty settles at 16,614

On Monday, BSE index Sensex fell 1,189.7 points, or 2.1%, to 55,822, while the wider Nifty50 index fell 371.6 points, or 2.2%, to 16,613.7. 

The following are the stocks that moved the most in today’s trading:

Future Group Companies 

Future Group stocks soared when the Competition Commission of India halted Amazon’s merger with the company. Amazon was also fined Rs 202 crore by the fair trade authorities. Future Retail, Future Enterprises, Future Lifestyle Fashions, Future Consumer, Future Supply Chain Solutions, and Future Market Networks all closed 20% higher as a result.

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

Cipla

The pharmaceutical business’s shares finished 3.71% higher after the US Food and Drug Administration granted final approval for its Lanreotide injection to the company and its subsidiary Cipla USA Inc.

Also Read| Cipla shares surge over 2% on final FDA approval

Eicher Motors 

Royal Enfield announced a recall of 26,300 Classic 350 bikes to address a brake component problem. Following this statement, shares of Royal Enfield’s parent company, Eicher Motors, fell 2.14%.

Also Read| Stock market crash: Three factors contributing to Nifty and Sensex freefall

Shriram Properties

The Shriram Properties stock made a shaky start on the exchanges today. The stock was listed on the BSE at Rs 94, a 20% decrease from its issue price. The shares of the real estate developer were launched on the NSE for Rs 90, a discount of over 24%.

Also Read| Trending Stocks: Shriram Properties, Indiabulls, ICICI and others in news today

Axis Bank

The stock price dropped 2%. The bank intends to raise money by issuing senior unsecured taxable redeemable non-convertible debentures of Rs 10 lakh each for cash at par with the base issue size of Rs 2,000 crore and a green-shoe option to retain over-subscription of Rs 3,000 crore, amounting to Rs 5,000 crore in total.