Photo: Kamlesh Pednekar
LIVE market updates: India’s benchmarks quickly erased their opening gains and fell into the red, down more than half a percent, in early morning trading Tuesday as investors were unable to shake off concerns amid. of the new strain of Covid-19.
The S&P BSE Sensex was hovering around 45,240 levels, down 310 points, after hitting an intraday high of 45,938. The broader Nifty50 index also fell below the 13,300 mark. Bajaj Finance (down 3%) was Sensex’s top laggard, followed by ONGC and State Bank of India (both down 1%).
Nifty’s industry indices were painted red, with the Nifty PSU Bank Index, down 3 percent, topping the list of losers.
In the broader market, the S&P BSE MidCap and SmallCap indices were trading 2% and 3% lower, respectively.
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