Sensex tanks 1,400 points amid surging Covid cases

Mumbai: The Indian stock market plunged on Monday morning due to the rising number of Covid cases across the country, with the BSE Sensex falling over 1,400 points.

It touched an intraday low of 47,362.71 so far.

Around 10.10 a.m., Sensex was trading at 47,561.41, lower by 1,270.62 points or 2.60 percent from its previous close of 48,832.03.

It opened at 47,940.81 at the intraday high of 47,940.81 points.

The Nifty50 on the National Stock Exchange was trading at 14,275.85, lower by 342.00 points or 2.34 percent from its previous close.

The selloff was witnessed across sectors during the initial trade led by banking and financial stocks.

(IANS)