The Sensex fell 1,708 points, or 3.4 per cent, to end the session at 47,883 -- the lowest close since January 29 -- while the Nifty 50 index closed at 14,311, declining 524 points, or 3.5 per cent
We caught up with Gaurav Dua and Aamar Deo Singh to understand where are the markets headed, what should be the investment strategy and which sectors and stocks look good to park one's money in
Index heavyweights such as Reliance Industries, HDFC Bank, HDFC, ICICI Bank, SBI, Bajaj Finance, TCS, and L&T declined up to 7 per cent.
On Monday, the markets tumbled with the frontline indices - the S&P BSE Sensex and the Nifty50 - slipping over 2 per cent each in intraday trade
Investors' wealth tumbled over Rs 2.16 trillion at close of trade on Monday as markets crashed amid a sharp spike in coronavirus cases in the country
The selling in the market was mostly broad-based, with only stocks from the information technology (IT) sector managing to hold their head above water
Weakness in index heavyweight Reliance Industries and banking and financial stocks was what dragged indices lower even as IT stocks, without much success, tried to cushion the fall
The Sensex fell 1,939 points, or 3.80 per cent, to end at 49,100 -- its biggest loss since May 4 last year -- while the Nifty closed at 14,529, down 568 points, or 3.76 per cent
In 2012, India had seen foreign portfolio investor (FPI) flows of Rs 1.3 trillion ($24.5 billion) and in 2013 about Rs 1.1 trillion ($20 billion)
The benchmark BSE Sensex crashed more than 1,900 points
10-year government bond yield hardened to 6.23 per cent on Friday, up 0.05 per cent from 6.18 per cent on Thursday, February 25
The market breadth was in favour of the bears with the advance-decline ratio at nearly 1:2
Tumbles 2.3% in fifth straight day of loss amid rise in bond yields, Covid cases
The equity market recorded its biggest single-day fall in two months
Index heavyweights, Reliance Industries, HDFC, TCS, ITC and ICICI Bank were among the top Sensex drags
The volatility remained high ahead of the monthly F&O expiry on Thursday
Most global stocks dropped, with investors pruning their bullish bets as rising Covid-19 cases sparked concerns about corporate earnings and economic revival
Investor wealth on Friday declined over Rs 2.23 trillion as markets cracked
BNP Paribas expects Sensex to hit 50,500 by December 2021. JP Morgan, meanwhile, expects Nifty50 to scale 15,000 levels by the end of next year
Monday's fall saw investor wealth shrink by Rs 6.6 trillion, based on the market capitalisation of all listed companies on the BSE