Sensex Closes 416 Points Down After Opening at Record High
Sensex opened at 42,067.14 points, while the NSE Nifty 50 opened 23.40 points higher, at 12,375.80 points.
Equity markets finished with heavy losses on Monday, 20 January, as Sensex and Nifty lost a percent each in the day's trade.
Both the indices opened at record high levels on Monday morning but could not ghold on to the gains.
The 30-share BSE index lost 416.46 points to close at 41,528.91, while the broader 50-share NSE Nifty ended at 12,230.75, down 121.60 points.
All sectoral sub-indices, with the esception of Nifty FMCG, finished in the red. PSU bank, metal and pharma stocks tanked the most.
Brent crude oil futures rose 0.14 per cent to $65.59 per barrel.
Meanwhile, the rupee was trading flat at 71.06 against the US dollar in morning session.
(With inputs from MoneyControl)
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