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.”