BIG FALL : BEARS DOMINATE D-STREET

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Market indices fell sharply on Monday as investor sentiments remained jittery amid weaker global cues and the risk of a market correction. The S&P BSE Sensex fell over 1,000 points while the NSE Nifty 50 fell nearly 300 points.
Some countries in Europe are witnessing a fresh rise in Covid-19 cases. While Austria is believed to be reintroducing a lockdown to curb new infections, some other countries such as Germany, Slovakia, the Czech Republic and Belgium may introduce precautionary measures. While the world is better equipped to deal with the pandemic, a sharp jump in cases across Europe could hurt the global economy and have an impact on most stock markets around the world.
Domestic stock markets have been witnessing increased volatility over the past few weeks due to negative sentiments brewing in global markets. Some of the reasons hurting global sentiments are new Covid-19 cases in some parts of Europe and the risk of rising inflation, triggered by higher input costs.The bullish momentum observed in the domestic market for months seems to be fading and it could be the first signs of a correction that some experts had predicted earlier.
MAJOR STOCKS IN RED
Another reason why the Sensex and Nifty fell during today's trading session can be attributed to a fall in major stocks such as Maruti Suzuki (2.93%), Paytm (15.09%), Reliance Industries Limited (4.09%) and State Bank of India (3.17%).