Sensex gives up 50K, ends 167 pts down; Nifty at 14,590; PSBs, metals hit

Stock marketplace updates: A working day that started with a historic feat of touching the 50,000-mark milestone on the S&P BSE Sensex, turned into a nightmare for buyers as a enormous bloodbath awashed trader prosperity. Sentiment took a strike right after fireplace broke out at the Serum Institute of India, the maker of Covidshield Vaccine.

The benchmark Sensex tumbled 785 factors from document superior to strike an intra-working day lower of forty nine,399. However, the offer-off was speedily acquired into and the BSE barometer of thirty shares ended at 49,625 levels, down 167 factors or .34 per cent.

ONGC, Bharti Airtel, Condition Bank of India, and IndusInd Bank have been the top rated laggards on the index, down in between 2 per cent and 4 per cent. Weightage-sensible, revenue-reserving in HDFC twins, Airtel, TCS, ITC, and SBI dragged the index lessen.

On the NSE, the Nifty50 index settled at fourteen,590
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