Sensex ends 153 points lower at 38,144

MUMBAI: Panic selling in the last hour of the session after two new COVID-19 cases were detected in Delhi and Telangana spooked equity market on Monday, thus sending the benchmark indices into the negative territory for the seventh session in a row.

The S&P BSE Sensex, which hit a high of 39,083.17, up 786 points during the day, erased all its gains to settle at 38,144, down 153 points against Friday’s close of 38,297.29. State-run lender State Bank of India (SBI) ended as the biggest loser on the index with a 5 percent decline while IT major HCL Tech (up to over 2 percent) emerged as the biggest gainer. Besides SBI, Reliance Industries (RIL), Axis Bank, and Bajaj Finance contributed the most to the index’s fall.

On the NSE, the 50-share Nifty index ended at 11,133 points, down 69 points or 0.62 percent.

In the broader market, the S&P BSE MidCap index slipped 0.65 percent to 14,504 levels and the S&P BSE SmallCap index ended 0.77 percent lower at 13,604 levels. (Agencies)

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