: Sensex plunges 1,708 points, Nifty below 14,350 as Covid-19 makes markets jittery #IndiaNEWS Benchmark index BSE Sensex crashed over 1,700 points on Monday, as sentiment in the equity markets remained

Sensex plunges 1,708 points, Nifty below 14,350 as Covid-19 makes markets jittery #IndiaNEWS
Benchmark index BSE Sensex crashed over 1,700 points on Monday, as sentiment in the equity markets remained subdued due to the continuous rise in coronavirus cases in the country. The index fell 3.44%, or 1,707.94 points, to end at 47,883.38. The broader 50-share NSE Nifty lost 3.53%, or 524.05 points, to close at 14,310.80. Meanwhile, the rupee too, continued its decline, settling 32 paise down at 75.05 against the US dollar, reported PTI. The rupee fell for the sixth straight session and has seen depreciation of 193 paise.“Indian rupee spot slipped past the 75-mark to nine-month low of 75.15 on Monday as rising Covid-19 cases sparked fears of a complete lockdown in Maharashtra and a few other states, dampening hopes of a faster recovery and increasing prospects of RBI’s ultra-loose monetary policy for a longer period,??? Kaynat Chainwala, fundamental research analyst of currencies at Anand Rathi Shares and Stock Brokers, told the news agency.All sectoral sub-indices faced losses. The Nifty Bank, Auto, Media and Realty sub-indices closed below 5%.The markets had suffered heavy losses last Monday too, when the country saw the single-day rise in coronavirus cases going past the 1 lakh-mark for the first time. The Sensex had then slipped by up to 1,450 points in...Read more

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