: Monday, April 19, 2021, 4:08 PM IST
Markets close in red: Sensex plunges 882 points, Nifty tanks 258 points over rise in COVID cases, uncertainty over lockdown
sensex fall
The rise in COVID-19 cases and the possibility of a lockdown in Maharashtra to curb the spread of the virus created a panic in the Bombay Stock Exchange (BSE) on Monday, the first day of trading after the weekend. The market closed in the red with the Sensex plunging 882.61 pts to end at 47,949.42. The Nifty tanked 258.40 pts to 14,359.45.
India s total tally of COVID-19 cases crossed 1.50 crore with a record single-day rise of 2,73,810 new coronavirus infections, while the active cases surpassed the 19-lakh mark, according to the Union Health Ministry data updated on Monday.
By IANS |
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Bombay Stock Exchange. (File Photo: IANS). Image Source: IANS News
Mumbai, April 19 : Rising cases of Covid-19 infections along with imposition of new restrictions on movement to curb the virus spread, pulled the Indian equity markets lower on Monday s mid-afternoon trade session.
Accordingly, all major sectors other than the healthcare were trading in the red.
Around 1.45 p.m., Sensex traded at 47,858.33, lower by 973.70 points or 1.99 per cent from its previous close.
The Nifty50 on the National Stock Exchange traded at 14,330.40, down 287.45 points or 1.97 per cent from its previous close. Market opened with a huge gap down despite positivity in the other Asian markets, said Gaurav Garg, Head of Research at CapitalVia Global Research.
Rising Covid cases, curbs pull markets lower; Sensex down 1.99%
By Minhaj Adnan| Updated: 19th April 2021 4:27 pm IST
Accordingly, all major sectors other than the healthcare were trading in the red.
Around 1.45 p.m., Sensex traded at 47,858.33, lower by 973.70 points or 1.99 per cent from its previous close.
The Nifty50 on the National Stock Exchange traded at 14,330.40, down 287.45 points or 1.97 per cent from its previous close.
“Market opened with a huge gap down despite positivity in the other Asian markets,” said Gaurav Garg, Head of Research at CapitalVia Global Research.
“Traders got worried, as the Shopping Centre Association of India (SCAI) said businesses have been severely impacted, with the revenue falling by almost 50 per cent due to localised lockdowns to prevent the spread of COVID-19 in the country.”