Sensex down over 1,700 points; banking and finance stocks crash
18 hours ago People walk past the BSE building in Mumbai. Rising Covid cases as well as reimposition of movement restrictions across states dented India’s stock markets on Monday. The NSE Nifty 50 index closed 3.53 per cent lower at 14,310.80, while the S&P BSE Sensex ended down 1,707.94 points or 3.44 per cent at 47,883.38.
The Nifty 50 has now retreated about 7 per cent and the Sensex is down 9 per cent from their mid-February record highs.
The rupee weakened to a more than eight-month low of 75.1375 against the dollar.
The new cases count has crossed 1.5 lakhs for the first time on April 11.
Indian shares, rupee slide as lockdown fears loom after COVID-19 surge reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Indian shares, rupee slide as lockdown fears loom after COVID-19 surge reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.