Mint Evening Market Wrap artwork

218: 22.02.2021 | Markets crash over 2% on rising covid fears

Mint Evening Market Wrap

English - February 22, 2021 12:32 - 4 minutes - 4.3 MB
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Previous Episode: 217: 19.02.2021 | Nifty ends below 15000 as investors remain cautious
Next Episode: 219: 24.02.2021 | Markets rise 2% in extended trade even as tech snag hit NSE

Markets fell more than 2% on Monday amid fresh concerns over rising number of covid-19 cases leading to the fears that the economic impact will be much larger than earlier estimates. Adding to those uncertainties is the fear of rising global inflationary risks as crude prices have been on the surge. The BSE Sensex ended at 49,744.32, down 1145.44 points or 2.25%. The Nifty closed at 14,675.70, down 306.05 points or 2.04%. The India Volatility Index or VIX jumped the most in two months, ending 14.5% higher at 25.47.