New Delhi: The BSE benchmark has lost 2,062.99 points or 4 per cent in five trading sessions. On Thursday, the 30-share BSE benchmark tanked 585.10 points or 1.17 per cent to close at 49,216.52.
Following the bearish trend, the market capitalisation of BSE-listed companies declined by Rs 8,04,216.71 crore to Rs 2,01,22,436.75 crore in five days.
“Indian market has been in a corrective phase for the past 10 days due factors like high bond yields in the US and increased number of COVID cases being reported across the country,” said Hemang Jani, Head Equity Strategy, Broking & Distribution, Motilal Oswal Financial Services.
After its two-day policy meeting, the US Federal Reserve reassured investors that it expects to keep its key interest rate near zero through 2023.
HCL Tech was the biggest loser in the Sensex pack, falling 3.97 per cent, followed by Infosys, Dr Reddy”s, TCS, Tech Mahindra and Reliance Industries.
In contrast, ITC, Bajaj Auto, M&M, Maruti and Bharti Airtel were among the gainers, gaining up to 3.25 per cent.
