Market Movers: SpiceJet, InterGlobe Aviation tank; 314 stocks flash sell signal
NEW DELHI: Aviation stocks took a hit on Monday after the government announced a ban on all flights to and from the UK till the end of this year. On the other hand, Mahindra & Mahindra too slipped more than 6 per cent after the company said its loss-making South Korean arm SsangYong Motor Company (SYMC) has filed for bankruptcy.
Overall, the benchmark equity indices BSE Sensex and NSE Nifty snapped their six-day winning streak as market participants preferred to book profit amid weak global cues and concerns over a new strain of the virus leading to fresh restrictions in European countries. The 30-share Sensex tanked 1,406.73 points, or 3 per cent, to close at 45,553.96. Likewise, the broader NSE Nifty tanked 432 points, or 3.14 per cent, to settle at 13,328.
