SENSEX SHEDS 930 POINTS AFTER BUOYANT START
AFTER RUNNING UP by over 8% in the past month, benchmark indices - the BSE Sensex and Nifty - fell sharply by over 1.3% on Wednesday on profitbooking and fresh fears due to emergence of a new Covid variant.
The Sensex closed at 70,506 points, down 930 points, while the Nifty fell 302 points to close at 21,150- the highest in over a year (number of points).
Interestingly, both the indices opened on a buoyant note hitting fresh all-time highs.
HOWEVER, IN THE last three hours of trading, things went downhill. Both the indices fell around 2% from the day's highs. The mid-cap and small cap indices took a bigger hit by falling over 3%. The total loss in investor wealth was 8.93 trillion-the highest in 22 months.
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