Amid weak global cues, the Indian markets extend weakness on Monday. The Sensex tanked over 900 points from the day’s high, and the Nifty50 ends below the key support level of the 17000-mark. The decline is mainly led by IT, auto, bank and FMCG stocks as the Omicron, a covid variant, cases rise in India. 

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At the market close, the BSE Sensex plunged 949 points or 1.65 per cent to 56747, and Nifty50 fell nearly 285 points or 1.65 per cent to 16,912 at the market close on Monday. Even the broader markets registered weakness as mid and small-cap closed over 1.5 and 1 per lower respectively.

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Of 50 scrips on Nifty50, a mere 2 ended in the green, while 48 closed in the red. IndusInd Bank tumbled most by around 4 per cent, followed by Bajaj Finserv and Tata Consumer each down between 3-3.5 per cent at the market close today. 

While other stocks such as Bharti Airtel, Tata Motors, Wipro, Tech Mahindra, TCS, Grasim, Divis Lab, Maruti, Infosys, Asian Paints, Power Grid, Dr Reddy’s, NTPC, Sun Pharma each down between 2-3 per cent at the market close on Monday. 

On the contrary, Only UPL ended with minor gains up 0.53 per cent, while HDFC closed flat with positive bias at the market close.

Almost sectoral indices closed in the red at the market close. Nifty IT, FMCG, Bank and Auto lead the decline in the benchmark indices, while Nifty Realty and Media aided crack in the broader markets.

In IPO segment, Anand Rathi Wealth IPO has been oversubscribed over 10 times till around 03:56 pm, aided by strong demand from non-institutional investors, which is booked over 25 times on the final day of the share-sale.