Subdued global mood coupled with renewed fears of Covid-19 triggered sharp selloff across domestic equities in Friday’s intra-day trade.
Key indices Nifty50 declined over 250 points hit day’s low of 17,857, whereas the S&P BSE Sensex slumped over 800 points to break below 60,000 levels.
Broader markets, too, followed suit as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 3 per cent. Volatility gauge, India VIX, meanwhile, climbed over 4 per cent.
Barring Nifty Pharma index, which held marginal gains in a weak market, all sectors drowned in the sea of red. Nifty Media, Nifty Metal, Nifty Realty and Nifty PSU Bank indices bore the brunt of intense selloff and declined up to 4 per cent in trade.
were locked in 20 per cent upper circuit at Rs 44.85, amid heavy volumes.
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