Mumbai: BSE Sensex and NSE Nifty have suffered huge losses on Monday amid the rising number of Covid-19 cases across the country.
At the end of the trading session, while the 30-pack Sensex lost 882 or points or 1.81 per cent to close at 47,949, the much broader Nifty tanked 257 points to end at 14,360.
During intraday trading, Sensex hit as low as 47,362 which is more than 1,450 points lower than the previous close of 48,832.
Among the 30 stocks of Sensex, only Dr Reddy’s Laboratories and Infosys ended in the green whereas Power Grid Corporation of India lost the most at 4.17 per cent.
“The continuous rise in Covid-19 cases and the consequent shortage of beds and oxygen have resulted in calls for lockdown in some states and cities. So the market is worried about the impact of second wave on the economy,” Satish Kantheti, Joint Managing Director of Zen Money told ETV Bharat.
