Sensex deep in red as Covid 2.0 continues to surge

Coronavirus infection has reached record levels in the country. More than 14,000 cases have been reported in the last 24 hours. This has had an impact on the market. Since the start of trading on Monday, the BSE Sensex fell 136 points, or 2.62 percent. The Sensex is currently trading at 6,183.6. Similarly, the Nifty declined by 423.75 points, or 2.8 percent, to 16,411.20. But with the vaccination booming, the U.S. market is booming as the economy improves.

Investors sold banks and financial shares in a transaction on Monday. The Nifty Bank index fell more than 3.5 percent. The PSU Bank Index also saw a 5 percent decline. However, there has been a slight decline in the IT and pharma sectors.

As of Monday, the Sensex had traded 30 to 28 reds. Only infosys showed an increase. Shares of SBI, Bajaj Finance, Bajaj Auto, ICICI, Titan, Axis Bank, Reliance, TCS and HCL have declined.

Looking at the securities index, there has been a decline in all sectors. Auto, Bank Nifty, Capital Goods, Consumer Durable, FMCG, PSU and others are trading in red on Monday.

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