Insta
Markets In Red Over Covid Fears: Sensex Tanks 1,700 Points; Banking, Finance Stocks Slump
IANS
Apr 12, 2021, 01:31 PM | Updated 01:31 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
The Indian stock market slumped on Monday with the BSE Sensex falling over 1,700 points amid rising cases of Covid-19 and localised lockdowns.
India reported 1,68,912 new Covid-19 cases in the last 24 hours, as per health ministry data. With this, India has once again taken its spot as the second-worst hit nation in terms of infections after the US.
Along with the surging Covid cases, the subdued trend in the Asian markets also weighed on the Indian indices.
Around 12.10 p.m., Sensex was trading at 47,834.84, lower by 1,756.48 points or 3.54 per cent from its previous close of 49,591.32.
It opened at 48,956.65 and has so far recorded an intra-day high of 48,956.65 and a low of 47,813.60 points.
The Nifty50 on the National Stock Exchange was trading at 14,304.00, lower by 530.85 points or 3.58 per cent from its previous close.
This news has been published via a Syndicated feed. Only the headline is changed.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.