IndusInd Bank was the biggest loser among the 30-share companies pack, declining over 7 per cent, followed by SBI, Bajaj Finance and Axis Bank.
"Domestic equities do not look to be inspiring at the moment. A sharp increase in COVID-19 daily cases in the country, and possibility of large economic restrictions are expected to keep investors nervous in the near term. Further, the possibility of lockdown in large states like Maharashtra will weigh on investors' sentiments.
"Additionally, recent weakness in INR may also aggravate investors' concerns. However, 4Q FY21 earnings, wherein IT majors are scheduled to deliver their numbers this week, are to be in focus," said Binod Modi, Head Strategy at Reliance Securities.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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