CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

Indian shares see biggest fall in nearly four weeks

By Munikoti Rochan

11:29, 22 November 2021

A stock market chart
Shares in India have been falling sharply – Photo: Shutterstock

Indian shares experienced their biggest fall in almost four weeks to finish lower Monday, dragged down by concerns surrounding the impact of inflation on domestic recovery.

The benchmark indices in Mumbai lost 1.96% each through the day, with the National Stock Exchange’s (NSE) Nifty50 index ending at 17,416.55 points, while the S&P BSE Sensex closed at 58,465.89. Meanwhile elsewhere…

  • The Nifty PSU Bank index, a basket of 13 stocks including the Indian Bank, nosedived 4.41%
  • The Nifty Realty index, comprised of 10 builders including Phoenix Mills, plunged 4.15%
  • The Nifty Media index, a basket of 10 stocks including multiplex operator PVR, dropped 3.91%

The Indian rupee was trading 0.10% lower against the US dollar at INR74.38, as of 16:45 local time (UTC+5:30).

On the Nifty50

Shares of the country’s second-largest telco Bharti Airtel (Airtel), JSW Steel and coatings major Asian Paints were the top gainers, adding 3.78%, 1.64%, and 1.13% respectively.

But stock in lender Bajaj Finance, insurance provider Bajaj Finserv and JLR-parent Tata Motors were the top losers, shedding 5.6%, 4.81%, and 4.57% respectively.


125.38 Price
-1.730% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.15


239.71 Price
-1.780% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.09


466.05 Price
-3.090% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.17


0.73 Price
+1.130% 1D Chg, %
Long position overnight fee -0.0253%
Short position overnight fee 0.0033%
Overnight fee time 22:00 (UTC)
Spread 0.0145

On the Sensex

Airtel, Asian Paints and the Power Grid Corporation of India (PGCIL) were the biggest gainers, adding 3.9%, 1.14%, and 0.99% respectively.

Meanwhile, Bajaj Finance, Bajaj Finserv and oil-to-telecoms conglomerate Reliance Industries (RIL) were the biggest losers, shedding 5.74%, 4.69%, and 4.42% respectively.

India recovery

“Finance minister Nirmala Sitharaman (last) week made an impassioned plea for the private sector to ramp up investment to support the economic recovery, but we don’t think that firms will heed her call,” said Capital Economics’ senior India economist Shilan Shah.

“Meanwhile, comments from RBI governor Shaktikanta Das support our view that policy tightening will proceed very gradually and that rate hikes won’t come onto the agenda for several more months yet,” Shah wrote in a 19 November note to clients, published on his firm’s website.

Read more: India’s Elin Electronics files draft papers for 2m IPO

Related topics

Rate this article

The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 570.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading