INSUBCONTINENT EXCLUSIVE:
Sharp losses in financial, auto and metal stocks pulled the markets lowerDomestic stock markets slumped more than 2 per cent on Monday in
strongest level of the day
The broader NSE Nifty 50 benchmark tanked to as low as 11,218.50 in late afternoon deals, having risen to a modest 11,535.25 earlier soon
settled at 11,250.55, down 254.40 points - or 2.21 per cent - from its previous close - their worst day since August 31
closing between 6.05 per cent and 8.52 per cent lower, were the worst hit among the 47 laggards in the Nifty basket of 50 shares.Reliance
Industries (closing 2.18 per cent lower), ICICI Bank (5.15 per cent) and Bharti Airtel (5.81 per cent) were the top drags on Sensex,
together accounting for a loss of more than 300 points in the index.The Nifty Bank - comprising stocks of 12 major lenders in the country -
corporations."It is a very positive development
It will also help in reducing inflation over the period of time, as there will be direct chain between farmers and end users
However, conversion of the bill into law and execution are of utmost importance," Anita Gandhi, director at Arihant Capital Markets, told
TheIndianSubcontinent.The National Stock Exchange's India VIX index - a gauge of the expectation of volatility in the near term - rose 10.69
Overall market breadth was extremely negative with an advance-decline ratio of more than 1:5, as 291 shares rose on the NSE against 1,637
shares held tight ranges on Monday, as investors awaited developments on US fiscal stimulus and coronavirus vaccines amid a resurgence of
infections in Europe.MSCI's broadest index of Asia Pacific shares outside Japan declined 1.37 per cent, but Japan's Nikkei 225 benchmark
