Sensex goes red, slumps 905 points

January 25, 2022 09:40

Sensex slumps 905.16 pts to 56,586.35 in opening session, Nifty tanks 253.80 pts to 16,895.30.

The 30-scrip BSE Sensex was down by 794.86 points or 1.38 per cent at 56696.65 at 9.17 am.

Similarly, 50-scrip NSE Nifty was trading at 16909.30 at 9.17 am, down by 239.80 points or 1.40 per cent.

On the Sensex, the sectors that were trading low included consumer durables, realty, information technology, capital goods, healthcare among others while the metal sector managed to stay afloat and was trading with a positive bias.

Yesterday, as fears about rising inflation stoked rate hike fears across several markets around the world, strong selling by investors on Dalal Street pulled down the Sensex by over 2,000 points in late trades on Monday.

However, some buying at lower levels in the closing hour helped the index to close at 57,492, down 1,546 points on the day.

A rumour about a hike in long term capital gains tax rate in the Budget, which was later denied by the government, also added to investors' nervousness, market players said.

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