BusinessIndia

Sensex down by 473.92 pts during weekend

Mumbai: The BSE Sensex dropped by 473.92 points or 0.96 pc to settle at 48.732.55 in a week under review, snapping a two-week rising trend as coronavirus cases continue to surge, triggering concerns that a national lockdown may be reimposed.

Investors are also concerned that rising commodity prices and inflationary pressure could push up global interest rates sooner than expected.

The Nifty 50 index fell 145.35 points or 0.98 pc to settle at 14,677.80.

The BSE Mid-Cap slipped 100.82 or 0.49 pc to settle at 20,507.79. The BSE Small-Cap lost 17.56 points or 0.08 pc to settle at 22,200.54.

The market started the week on a firm note on the back of positive Asian cues. The benchmark indices extended gains to the fourth consecutive trading session on Monday the Sensex rose 295.94 points to settle at 49,502.41. Nifty rallied 119.20 points to settle at 14,942.35.

On Tuesday the Sensex declined 340.60 points to settle at 49,161.81. Nifty too fell 91.60 points to settle at 14,850.75.

On Wednesday the Sensex dropped 471.01 points to settle at 48,690.80. Nifty lost 154.25 points to settle at 14,696.50.

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