The Indian stock exchange, Sensex and Nifty, ended lower on Monday as a record jump in COVID-19 cases and weak macro data disrupted investor sentiment. BSE Sensex closed 870 points or 1.7 percent lower at 49,159, and NSE Nifty finished 229 points or 1.54 percent lower at 14,637. Of the 30 shares on BSE, 25 ended in the red, and Bajaj Finance, IndusInd Bank, State Bank of India, India, Mahindra and Mahindra, Axis Bank, Bajaj Finserv emerged as the biggest losers, falling between 4-6 percent.
Here are the top five losers on BSE and NSE today:
Shares of the Bajaj Group today became the biggest loser on BSE and NSE. The Bajaj Finance share price ended 5.81 percent lower at RS 4,963.70 on BSE, compared to the previous price of Rs 5,270. During the daily trading, the shares fell by as much as 6.54 percent to reach the lowest daily level of Rs 4925 amid sharp sales growth. At the beginning of the volume, shares of 1.36 lakh changed hands without a prescription compared to a two-week average of 0.96 lakh.
Shares of IndusInd Bank fell 5.64 percent, to end trading on Monday at a price of Rs 937.35 per share on BSE, in line with the BSE Bankex index which fell over 3 percent. IndusInd Bank was the biggest loser in the banking space, followed by State Bank of India, Bandhan Bank, RBL Bank, Axis Bank, among others.
State Bank of India
The share price of the State Bank of India (SBI) ended 4.56 percent lower at Rs 353.65 on BSE. During the daily trading, the shares of the largest lender in the country hit the lowest daily level and the highest level of 349.10 and 368.95, respectively. The market capitalization of SBI fell to 3.15,619 crore.
Mahindra & Mahindra
Shares of Mahindra & Mahindra (M&M) ended trading on 774.35 Rs on Monday, down 4.17 percent on BSE. The stock opened slightly lower at Rs 809.50 compared to the previous price of Rs 808.05. Shares touched the intraday high and the lowest level of 809.50 and 769.70, respectively.
Shares of private sector lender Axis Bank were also among the top five lagging behind on BSE. The share price of Axis Bank closed 3.93 percent lower at 685.50 euros on BSE, compared to the previous closing price of 713.55 Rs.