Sensex falls over 200 factors in early commerce; Nifty beneath 15,000-mark

Equity benchmark Sensex dropped over 200 factors in opening commerce on Monday monitoring losses in index majors HDFC, ITC and L&T amid tepid cues from international markets.
After dropping to 50,685.42, the 30-share BSE index pared most losses to commerce 65.13 factors or 0.13 per cent decrease at 50,824.63.
After an analogous motion, the broader NSE Nifty was quoting 8.40 factors or 0.06 per cent down at 14,973.35.

L&T was the highest loser within the Sensex pack, shedding round 2 per cent, adopted by M&M, Dr Reddy’s, Maruti, HDFC, TCS and Bajaj Auto.
On the opposite hand, ONGC, HDFC Bank, Tech Mahindra and Infosys have been among the many gainers.
In the earlier session, Sensex ended 434.93 factors or 0.85 per cent decrease at 50,889.76, and Nifty gave up the 15,000 stage, dropping 137.20 factors or 0.91 per cent to 14,981.75.
Foreign institutional traders have been internet patrons within the capital market as they bought shares value Rs 118.75 crore on Friday, as per trade knowledge.
“As the last week of trading in February begins, there are some negative signals and news. The rise in the US 10-year bond yield to 1.36 per cent reflects the markets’ concern about a potential rise in inflation,” mentioned V Ok Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Back dwelling, the escalation in COVID-19 instances in Maharashtra is rising as a reason for concern, he mentioned, including that these issues have impacted FPI flows to the market which, although constructive, seems to be slowing down.
Elsewhere in Asia, bourses in Shanghai and Seoul have been buying and selling on a constructive word in mid-session offers, whereas Hong Kong and Tokyo have been within the pink.

Meanwhile, the worldwide oil benchmark Brent crude was buying and selling 1.06 per cent greater at USD 62.80 per barrel.