Sensex, Nifty extend losses in choppy trade; banking, IT stocks drag

April 20, 2021 17:09

Domestic equity benchmarks Sensex and Nifty erased early gains to finish with losses for the second day on the trot on Tuesday, as surging COVID-19 cases and growing localised restrictions continued to dent investor sentiment.

The BSE Sensex slipped 243.62 points or 0.51 per cent to close the session at 47,705.80, an over two-month low. Intra-day, the BSE gauge rose as much as 529 points to touch the day's peak of 48,478.34. Likewise, the NSE Nifty climbed over 167 points to reclaim the key 14,500-level during the day, but surrendered all its gains to end at 14,296.40, showing a drop of 63.05 points or 0.44 per cent.

On the Sensex chart, UltraTech Cement, HCL Tech, HDFC, Tech Mahindra, HDFC Bank and HUL emerged as the major laggards -- falling as much as 4.70 per cent. On the other hand, Bajaj Finserv, Dr Reddy's, Bajaj Finance, Bajaj Auto, M&M and Maruti were among the top gainers, climbing up to 3.70 per cent

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