<p>Equity benchmark Sensex tumbled 397 points on Monday, tracking losses in index heavyweights Reliance Industries, HDFC twins and ICICI Bank amid weak macroeconomic cues.</p>.<p>After gyrating 1,035.71 points during the day, the 30-share BSE index ended 397 points or 0.78 per cent lower at 50,395.08. The broader NSE Nifty finished 101.45 points or 0.67 per cent down at 14,929.50.</p>.<p>Bajaj Finserv was the top loser in the Sensex pack, shedding around 3 per cent, followed by Bajaj Auto, Bajaj Finance, L&T, Asian Paints, Dr Reddy’s, ICICI Bank, HDFC Bank and Reliance Industries.</p>.<p>On the other hand, Tech Mahindra, PowerGrid, IndusInd Bank, HCL Tech and NTPC were among the gainers.</p>.<p>According to Binod Modi, Head-Strategy at Reliance Securities, domestic equities witnessed sharp sell-off for the second consecutive trading day as mounting concerns about resurgence of COVID-19 cases in various parts of the country and rising bond yields made investors jittery.</p>.<p>"Further, unexpected contraction in IIP data for January 2021 and sharp spike in CPI print also weighed on sentiments," he said.</p>.<p>Industrial production growth re-entered the negative territory by contracting by 1.6 per cent in January, while retail inflation soared to a three-month high of 5.03 per cent in February on costlier food items, as per data released post market hours on Friday.</p>.<p>Further, the wholesale price-based inflation rose for the second consecutive month in February to 4.17 per cent, as food, fuel and power prices spiked.</p>.<p>Elsewhere in Asia, bourses in Shanghai and Seoul were in the red, while Hong Kong and Tokyo ended on a positive note.</p>.<p>Stock exchanges in Europe were also trading with gains in mid-session deals.</p>.<p>Meanwhile, the global oil benchmark Brent crude was trading 0.01 per cent lower at USD 69.21 per barrel. </p>
<p>Equity benchmark Sensex tumbled 397 points on Monday, tracking losses in index heavyweights Reliance Industries, HDFC twins and ICICI Bank amid weak macroeconomic cues.</p>.<p>After gyrating 1,035.71 points during the day, the 30-share BSE index ended 397 points or 0.78 per cent lower at 50,395.08. The broader NSE Nifty finished 101.45 points or 0.67 per cent down at 14,929.50.</p>.<p>Bajaj Finserv was the top loser in the Sensex pack, shedding around 3 per cent, followed by Bajaj Auto, Bajaj Finance, L&T, Asian Paints, Dr Reddy’s, ICICI Bank, HDFC Bank and Reliance Industries.</p>.<p>On the other hand, Tech Mahindra, PowerGrid, IndusInd Bank, HCL Tech and NTPC were among the gainers.</p>.<p>According to Binod Modi, Head-Strategy at Reliance Securities, domestic equities witnessed sharp sell-off for the second consecutive trading day as mounting concerns about resurgence of COVID-19 cases in various parts of the country and rising bond yields made investors jittery.</p>.<p>"Further, unexpected contraction in IIP data for January 2021 and sharp spike in CPI print also weighed on sentiments," he said.</p>.<p>Industrial production growth re-entered the negative territory by contracting by 1.6 per cent in January, while retail inflation soared to a three-month high of 5.03 per cent in February on costlier food items, as per data released post market hours on Friday.</p>.<p>Further, the wholesale price-based inflation rose for the second consecutive month in February to 4.17 per cent, as food, fuel and power prices spiked.</p>.<p>Elsewhere in Asia, bourses in Shanghai and Seoul were in the red, while Hong Kong and Tokyo ended on a positive note.</p>.<p>Stock exchanges in Europe were also trading with gains in mid-session deals.</p>.<p>Meanwhile, the global oil benchmark Brent crude was trading 0.01 per cent lower at USD 69.21 per barrel. </p>