In the broad stock market indices, all indices including Nifty Next 50, Nifty 100, Nifty Midcap, and Nifty Small cap declined around 2 per cent during the opening session.
The RBI announced its decision to keep the repo rate unchanged for the sixth consecutive time at 6.50 per cent.
Banking shares faced significant selling pressure as all 12 Nifty Bank index constituents traded with cuts. The selling activity was triggered by negative commentary on HDFC Bank's below-par third quarter figures, impacting sentiment across the sector.
The 30-share index tanked 1,158.63 points or 1.89 per cent to close at 59,984.70. Similarly, the broader NSE Nifty plummeted 353.70 points or 1.94 per cent to 17,857.25.
Sensex dropped over 185 points in early trade on Monday, tracking losses in index-heavyweights HDFC twins, Infosys, TCS and Reliance.
Equity benchmark Sensex opened on a positive note on Friday, but soon pared initial gains and dropped over 150 points, tracking losses in index majors HDFC twins, ICICI Bank, and TCS.
Equity benchmark Sensex declined over 300 points in early trade on Friday, tracking losses in index majors HDFC twins, ICICI Bank and Infosys amid concerns that the second wave of COVID-19 pandemic may derail the economic recovery of the country.
Equity benchmark Sensex on Monday dropped 210 points on selling mainly in banking and IT stocks as mounting coronavirus cases kept investors globally on edge.
After swinging over 300 points in early session, the 30-share BSE index was trading 125.45 points or 0.32 per cent lower at 39,610.08, and the broader NSE slipped 21.30 points, or 0.18 per cent, to 11,640.55.
Equity benchmark BSE Sensex plummeted 504 points on Wednesday tracking heavy losses in banking and auto stocks as investors turned jittery over geopolitical uncertainties and global slowdown concerns.
Benchmark stock gauges Sensex and Nifty ended on a flat note on Tuesday as investors scrambled to book profits after a stellar two-day rally. After gyrating 393 points during the day, the 30-share index ended 7.11 points or 0.02 per cent higher, at 39,097.14.
The 30-share index dropped 345.55 points or 0.95 per cent to 36,127.38 in early session with 19 of its constituents trading in the red.
Sensex had climbed 89.32 points or 0.24 per cent to finish at 36,725.42 in the previous session, while the broader NSE Nifty inched up 5.20 points or 0.05 per cent to 11,058.20.
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