Mumbai: The fall in most of the key indices globally and rising concern due to the Korena epidemic led to a huge sell-off in the domestic stock market on Wednesday due to which the Sensex slipped 627 points and returned below the 50,000 mark and the Nifty also declined by 154 points. This led to a strong uptick in the domestic stock market on the previous day due to increased investor buying.
The BSE Sensex fell 627.43 points during this period, due to which the Sensex fell below the 50 thousand mark to 49,509.15 and the National Stock Exchange (NSC) Nifty also fell by 154.40 points to 14,690.70. From the beginning of the day, the Sensex saw a decline and the Sensex opened by dropping 87 points and the Nifty also slipped 33 points as compared to the previous day.
During this period, the BSE midcap rose by 14.72 points, or 0.07 per cent, to 20,181.31 points due to buying in big, medium and small companies and the smallcap also gained 105.94 points or 0.52 percent to reach 20,649.33 points during this period.
During this period, banking group companies recorded the highest decline of 545.38 points, or 1.43 per cent, and consumer durables sector companies showed a growth of 242.90 points or 0.75.