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Indian shares tumbled and the rupee weakened on Monday as daily coronavirus infections reached a record high and fresh curbs were imposed in the financial capital of Mumbai, sparking worries about the pace of the country's economic recovery. ....
At 11.22 am, S&P BSE Sensex was trading at 48,699.16 after falling 1,322.07 points due to a sharp rise in market volatility. Here are some reasons why both Sensex and Nifty fell sharply on Monday: ....
Sensex, Nifty Plunge As Rising Covid-19 Cases Stoke Growth Fears Selling pressure was broad-based as nine of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty PSU Bank index s 4% decline. Updated: April 05, 2021 4:19 pm IST The Indian equity benchmarks plunged on Monday as rising Covid-19 cases and fresh curbs in Maharashtra sparked worries about the pace of the country s economic recovery, analysts said. The Sensex fell as much as 1,449 points and Nifty 50 index tumbled below its important psychological level of 14,500, the index dropped as much as 408 points at the day s lowest level. The country s coronavirus caseload jumped by more than 1 lakh to surpass 12.5 million on Monday. Maharashtra imposed stringent curbs including a complete lockdown on weekends. ....
Sensex dives 871 points as banking, financial stocks plunge; Nifty settles at 14,638 indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.