Sensex dives 1.7% as surging Covid circumstances infect sentiment

DOMESTIC EQUITY benchmarks wilted below widespread promoting on Monday as a file single-day leap in Covid circumstances within the nation unnerved traders and fanned fears over financial restoration.
A pointy plunge within the rupee added to the issues, merchants stated.
After plunging over 1,400 factors earlier within the day, the 30-share BSE Sensex pared some losses to complete at 49,159.32, down 870.51 factors or 1.74 per cent.
Similarly, the broader NSE Nifty sank 229.55 factors, or 1.54 per cent, to 14,637.80.
The rupee fell by 18 paise to shut at 73.30 towards the greenback.
Meanwhile, Wall Street’s predominant indices jumped over 1 per cent Monday, with S&P 500 and Dow at file excessive as traders cheered sturdy jobs and companies sector knowledge.
At 02:30 pm ET, the Dow Jones Industrial Average rose 385.96 factors, or 1.16 per cent, to 33,539.17, and the S&P 500 gained 59.11 factors, or 1.47 per cent, to 4,078.98, as per a Reuters report.
Brent crude for June fell $3.08, or 4.8 per cent, to $61.78 a barrel by 1:42 pm EDT.