The Nifty Pharma index was the only index that ended in thee green, up 0.17 per cent

Investors lose Rs 3.6 trillion as Sensex falls 883 pts on Covid-19 woes

<strong>Stock market updates</strong>: The economic fallout of the second, stronger, and more lethal wave of Covid-19 butchered bulls on Dalal Street on Monday as investors sold shares worth Rs 3.6 trillion in the markets today. While the defensive counters witnessed restricted profit-booking, cyclical sectors cracked hard at the bourses.&nbsp;<br />
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	On the National Stock Exchange, the Nifty Pharma index was the only index that ended in thee green, up 0.17 per cent, while the Nifty IT and FMCG indices ended 0.33 per cent and 0.9 per cent down, respectively. Among cyclicals, the Nifty PSU Bank, Nifty Bank, Nifty Private Bank, and Nifty Financial Services indices slipped between 2.5 per cent and 4 per cent. The Nifty Auto, Realty, and Metal indices, meanwhile, tumbled up to 4 per cent.</div>
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	Among the headline indices, the S&P BSE Sensex tanked 1,469 points in the early deals to hit a low of 47,363 levels. On the NSE, the Nifty plummeted 427 points to 14,191 levels. However, buying at lower levels in the pharma and IT space lifted Sensex and Nifty nearly 600 points and 170 points off lows. At close, the Sensex index quoted 47,949 levels, down 883 points while the Nifty50 was at 14,359 levels, down 258 points. Both the indices were down 1.8 per cent each.&nbsp;</div>
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	Britannia, Dr Reddy&#39;s Labs, Infosys, Wipro, and Cipla were the only gainers on the Nifty index, up between 0.6 per cent and 1.5 per cent. On the downside, Adani Ports, Power Grid, ONGC, Hero MotoCorp, IndusInd Bank, Bajaj Finserv, Kotak Mahindra Bank, and HDFC Life were the top drags, down up to 4 per cent.</div>
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	In the broader markets, the S&P BSE MidCap and SmallCap indices declined 1.9 per cent and 1.6 per cent, respectively.&nbsp;</div>
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	<strong>Global markets</strong></div>
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	Contrary to Indian markets, world shares traded near record highs as markets were generally upbeat about the prospects for a global economic recovery from Covid-19, ahead of a busy week for earnings.</div>
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	Europe&#39;s STOXX 600 was up 0.2 per cent while MSCI&rsquo;s main European Index was up 0.1 per cent. Japan&#39;s Nikkei and South Korea&#39;s Kospi ended mildly higher while China CSI300 index jumped 2.4 per cent.</div>
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	<em><strong>(With inputs from Reuters)&nbsp;</strong></em></div>

Business Standard

Investors lose Rs 3.6 trillion as Sensex falls 883 pts on Covid-19 woes | News on Markets - Business Standard

Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

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	<strong>BUY HDFC AMC | CMP: Rs 2,929 | Target: Rs 3,350-3,400 | Stop Loss: Rs 2,770</strong></div>
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	The stock has made a good base near 2,770 levels taking support on thrice occasions and reversing from that level. The RSI has also improved its bias and with the stock moving above the 50-EMA level of 2,935, it has further shown strength. We anticipate further upward movement in the coming days. We suggest to buy and accumulate the stock for an upside target of 3,350-3,400, keeping the stop loss of 2,770.&nbsp;<a href="https://www.business-standard.com/article/markets/two-stocks-that-vaishali-parekh-of-prabhudas-lilladher-is-bullish-on-121041900109_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<strong>Macrotech Developers:</strong> The shares of Macrotech Developers will list on the bourses today. The IPO that ran between April 7-9 was subscribed 1.36 times. The issue price has been fixed at Rs 486 per share.</div>
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	<strong>Earnings Today</strong>: ACC, ICICI Prudential Life Insurance Company, Bajaj Consumer Care, CRISIL, Agio Paper &amp; Industries, Pratik Panels, Response Informatics, and Sri Chakra Cement will release quarterly numbers on April 19. <a href="https://www.business-standard.com/article/markets/stocks-to-watch-macrotech-developers-hdfc-bank-mindtree-rcom-acc-121041900114_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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FII/FPI & DII trading activity on NSE, BSE and MSEI

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	Oil prices fell on Monday amid mounting concerns that surging caseloads of coronavirus infections in India and other countries will lead to stronger measures and hit economic activity, along with demand for commodities such as crude.</div>
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	Brent crude was down 43 cents, or 0.6%, at $66.34 a barrel, after rising 6% last week. U.S. oil was down 42 cents, or 0.7%, at $62.71 a barrel, having gained 6.4% last week.<br />
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	<em>(Source: Reuters)</em></div>

&gt;&gt; At 8:34 am, the index was at 14,472 levels, down 170 points<br />
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	Asian shares hovered near 1-1/2 week highs on Monday helped by expectations monetary policy will remain accommodative the world over, while Covid-19 vaccine rollouts help ease fears of another dangerous wave of coronavirus infections.</div>
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	Australian shares were 0.25% higher while South Korea&#39;s KOSPI added 0.4% and Japan&#39;s Nikkei eased 0.4%.</div>

Good morning, readers! Welcome to the Business Standard live blog.

Investors lose Rs 3.6 trillion as Sensex falls 883 pts on Covid-19 woes

The Nifty Pharma index was the only index that ended in thee green, up 0.17 per cent

Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

Top stocks to watch today

Bulk deals on the BSE as on Friday

Bulk deals on the NSE as on Friday

FII/FPI & DII trading activity on NSE, BSE and MSEI

Rupee check

Oil check

SGX Nifty alert

Asian markets check

Good morning, readers! Welcome to the Business Standard live blog.