Mumbai: Tanking 939 points from the day's high level, equity benchmark index Sensex closed 153.27 points lower at 38,144.02 on Monday as detection of fresh coronavirus cases in India spooked domestic investors.
Marking its seventh consecutive session of fall, the broader NSE Nifty fell 69 points or 0.62 per cent to end at 11,132.75.
Stock markets had rallied in morning session due to value buying by investors following sharp losses in the previous sessions.
Sensex rallied 786 points to touch the day's high of 39,083.17. Nifty scaled 11,433 in day trade.
However, the Union Health Ministry reporting two more positive cases of new coronavirus spooked domestic investors with Sensex crashing almost 1,300 points from the day's high to touch 37,785.99. Nifty also plunged to a low of 11,036.25.
Top gainers and losers
Top losers in the Sensex pack included SBI, Tata Steel, Hero MotoCorp, Bajaj Auto, ONGC and IndusInd bank.
On the other hand, HCL Tech, Nestle India, ICICI Bank and Infosys were among the gainers.
Read more:Sharp cut in petrol, diesel prices on Monday
According to traders, news that two new coronavirus cases were confirmed in India turned investors jittery, reversing all of the day's gains.
Global Market
Bourses in Shanghai, Hong Kong, Seoul and Tokyo ended with significant gains as investors began value-buying in recently-hammered equities.
Stock exchanges in Europe too turned positive in their morning sessions.
Brent crude oil futures fell 2.25 per cent to USD 50.79 per barrel.
On the currency front, the Indian rupee depreciated 12 paise to 72.36 per US dollar (intra-day).
Gold prices jump Rs 391
Gold prices also jumped by Rs 391 to Rs 42,616 per 10 gram in the national capital following positive global trend, according to HDFC Securities.
Silver also zoomed Rs 713 to Rs 46,213 per kg from Rs 45,500 per kg in the previous trade.
On Saturday, gold had closed at Rs 42,225 per 10 gram.
Gold of 999 and 995 purity in Delhi was trading higher by Rs 440 at Rs 43,250 per 10 gram and Rs 43,100 per 10 gram, respectively, as per TickerPlant.
In the international market, gold was quoting higher at USD 1,604 per ounce and silver at USD 17 per ounce.
(PTI Report)
