Sensex ends 580 pt lower, Nifty below 12,800; financials slip
Sensex ends 580 pt lower, Nifty below 12,800; financials slip
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Domestic stocks ended lower by 1 percent on Thursday after four consecutive sessions of gains, following losses in global peers, as widening COVID-19 restrictions weighed on market sentiment.

The BSE Sensex closed 580 points lower at 43,600 while the NSE Nifty fell 166 points to settle at 12,772. Broader markets were also lower with the Nifty Midcap down 0.7 percent while the Nifty Smallcap index declined  0.23 percent.

During the day, the Sensex rose as much as 50 points to its new high of 44,230 while the Nifty added 25 points to its all-time high of 12,963. Among sectors, Nifty Bank declined 3 percent while Nifty Fin Services shed 2.4 percent. IT, Metal and Pharma indices also ended in the red for the day, down 0.5-1 percent. However, Nifty FMCG rose 0.4 percent.

On the Nifty50 index, SBI, ICICI Bank, Axis Bank, Tata Motors and JSW Steel led the losses, while Powergrid, ITC, NTPC, Coal India and Tata Steel were the top gainers. Pfizer rose 3 percent after Pfizer Inc said that the final results from the late-stage trial of its COVID-19 vaccine were 95 percent effective.

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