Budget 2020

Sensex recovers 690 points from day’s low, ends down 64 points; metals shine, RIL drops 2%

NEW DELHI: Domestic benchmark indices rebounded from intraday lows to end flat on Monday owing to positive global cues and strong buying interest in FMCG and metal stocks.

Metals along with a host of stocks in the broader markets from sugar to rice to tea and coffee kept the screen lively in a highly volatile trading session. Investors were seen accumulating several large cap scrips as well as high-quality midcap names across sectors.

The 30-share pack Sensex fell 63.84 points or 0.13 per cent to close at 48,718.52. The index recovered 690.45 points from the day’s low. Its broader peer NSE Nifty added 3.05 points or 0.02 per cent to settle at 14,634.15.

Market at a glance:

  • plunges 5% after Q4 results amid rising Covid-19 cases
  • IndusInd Bank, Reliance Industries drop 2% each after Q4 earnings
  • SBI Life Insurance 5% after Q4 earnings even as profit remains flat
  • Fear gauge India VIX rises 3%
  • Broader market outperforms headline indices; Nifty Smallcap up over 1%