Mumbai, Feb 22 (SocialNews.XYZ) The stock market was on a freefall on Monday as the Sensex lost over 900 points during the afternoon session, falling below the 50,000-mark.
The Nifty50 is also trading below the psychological 15,000-level.
Heavy selling was witnessed in FMCG, IT, auto and banking stocks.
Along with weak global cues, rising bond yields in the US and profit booking weighed on the domestic market.
Around 1.40 p.m., Sensex was trading at
49,960.88, lower by 928.88 points or 1.83 per cent from its previous close of 50,889.76.
The Nifty50 was at 14,741.25 points, lower by 240.50 points or 1.61 per cent from its previous close.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz