MUMBAI: Weak global cues and profit-booking in the
domestic market in leading stocks pulled the
sensex down by 667 points, or nearly 2%, to 36,940, while the
Nifty lost 182 points to close at 10,892. Both the indices have ended in the red for four consecutive sessions and the Nifty closed below the 11,000-mark after two weeks. The day’s session, however, saw buying in mid-cap and small-cap stocks.
Global markets were negative mainly because US lawmakers were still trying to finalise a new stimulus package.
The rising numbers of Covid-19 cases also weighed on investor sentiment. On Dalal Street, investors used the global weakness as a pretext to take some money off the table with Reliance, after its stellar run in the last three months, along with financial stocks, among the most sold ones.