Sensex tanks 900 points, gives up 50,000
Bombay Stock ExchangeIANS (File photo)

Sensex tanks 900 points, gives up 50,000

Mumbai, February 22, 2021

The stock market was on a free fall on Monday as the Sensex lost over 900 points during the afternoon session, falling below the 50,000-mark.

The Nifty50 is also trading below the psychological 15,000-level.

Heavy selling was witnessed in FMCG, IT, auto and banking stocks.

Along with weak global cues, rising bond yields in the US and profit booking weighed on the domestic market.

Around 1.40 p.m., the Sensex was trading at 49,960.88, lower by 928.88 points or 1.83 per cent from its previous close of 50,889.76.

The Nifty50 was at 14,741.25 points, lower by 240.50 points or 1.61 per cent from its previous close.

IANS

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