Sensex on Monday tumbled over 1,100 points in early trade after being dragged by losses in index majors HDFC twins, ICICI Bank and Reliance Industries, reported PTI. The 30-share BSE index was trading 1,100 points or 2.41% lower at 49,594.93.
Following are the top gainers in the Sensex pack:
- Infosys
- HCL Tech
- Tech Mahindra
- TCS
- Bharti Airtel
Sensex ended 520.68 points or 1.05% higher at 50,029.83 in the previous session on Thursday. Ahead of the weekend, financial markets were closed on April 2, for Good Friday.
The drop in Sensex comes in a day when India recorded the highest single-day spike of more than one lakh COVID-19 cases.
Binod Modi, the Head of strategy at Reliance Securities told PTI, “Domestic equities do not look to be inspiring at the moment. A sharp spike in coronavirus cases in the country and resultant restrictions are likely to dent investors’ sentiments in the near term.”
He added, “Imposition of weekend lockdown in Maharashtra, which contributes over 13% of the country’s GDP and nearly 20 per cent of India’s industrial output, does not augur well.”
