Tracking weak global cues, Indian markets started the week on a negative note on June 15 and the fall only extended as fears of a second wave of COVID-19 infections sent jitters across global markets.
The S&P BSE Sensex plunged more than 500 points towards the close but some last-minute buying helped the index close above 33,000. The Nifty50 also held onto its crucial support at 9,800 levels.
The Sensex ended the day 552 points down at 33,228 while the Nifty50 fell 159 points to close at 9,813.
The infections are still high in India while there seems to be a resurgence of virus cases in China and the US. FII net inflows into equity were also negative over the previous two trading sessions, which could be a signal of reduced risk appetite. Our advice to investors remains to be cautious and stock specific."
Sectorally, selling pressure was seen in Bankex, realty, finance, capital goods and consumer durable sectors while some value buying was seen in energy and healthcare stocks.
Top Nifty gainers included Sun Pharma, HCL Technologies and RIL, which were up more than 1 percent.
Top Nifty losers included ICICI Bank, Bajaj Finance, Axis Bank and IndusInd Bank.
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