{"id":7600,"date":"2021-02-22T10:59:12","date_gmt":"2021-02-22T10:59:12","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/02\/22\/sensex-plunges-1145-points-nifty-ends-below-14700\/"},"modified":"2021-02-22T10:59:12","modified_gmt":"2021-02-22T10:59:12","slug":"sensex-plunges-1145-points-nifty-ends-below-14700","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/02\/22\/sensex-plunges-1145-points-nifty-ends-below-14700\/","title":{"rendered":"Sensex Plunges 1,145 Points; Nifty Ends Below 14,700"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares succumbed to heavy selling pressure on Monday as rising commodity prices coupled with a surge in Covid-19 cases in some parts of the country dented hopes of a swifter recovery from the <span class=\"landLinks\">coronavirus<\/span> pandemic. <\/p>\n<p>Negative global cues played spoilsport as expectations for faster economic growth and inflation battered bonds and boosted commodities.<\/p>\n<p>Benchmark U.S. Treasury yields hit a near one-year high as the reflation trade emerged as a key theme.<\/p>\n<p>The benchmark S&amp;P BSE Sensex slumped 1,145.44 points, or 2.25 percent, to 49,744.32, extending losses for the fifth consecutive trading session amid across the board selling. <\/p>\n<p>The broader NSE Nifty index ended down 306.05 points, or 2.04 percent, at 14,675.70.<br \/>Axis Bank, Dr Reddy&#8217;s Laboratories, Tech Mahindra, Mahindra &amp; Mahindra and Eicher Motors fell 4-5 percent in the Nifty pack, while Grasim, Tata Steel, Hindalco, JSW Steel and Adani Ports climbed 1-3 percent. <\/p>\n<p>Reliance Industries tumbled 3.9 percent after the Supreme Court stopped regulatory approval for the Future Group&#8217;s $3.4 billion asset sale to the company until the top court hears objections from aggrieved partner Amazon.com Inc. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div><\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex Plunges 1,145 Points; Nifty Ends Below 14,700<\/a><br \/>\n<br \/>2021-02-22 10:59:12<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares succumbed to heavy selling pressure on Monday as rising commodity prices coupled with a surge in Covid-19 cases in some parts of the country dented hopes of a&#8230;<\/p>\n","protected":false},"author":2,"featured_media":7601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":{"0":"post-7600","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-asian-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=7600"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7600\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/7601"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=7600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=7600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=7600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}