Global selloff drags Sensex by 1.1%; Re falls 31 paise

Domestic markets on Monday joined a world selloff amid rising Covid circumstances, inflation woes and slackening development prospects within the US. The Sensex plummeted by 587 factors, or 1.1 per cent, to 52,553.40 and the Nifty50 shed 171 factors, or 1.07 per cent, at 15,752.40.
The rupee additionally fell 31 paise and inched closed to the 75 stage to finish at 74.88 towards the US forex.
Meanwhile, within the US, the Dow and S&P 500 indices sank over 2 per cent Monday as buyers bought off economically delicate shares and journey shares and sought the perceived security of bonds on fears {that a} spike in Covid circumstances would derail financial restoration, as per a Reuters report.