Sensex sinks 870 pts as COVID spike spooks investors; IT stocks buck the trend
Equity benchmarks wilted under widespread selling on Monday as a record single-day jump in COVID-19 cases in the country unnerved investors and fanned fears over the economic recovery. A sharp plunge in the rupee added to the concerns, traders said. After plunging over 1,400 points earlier in the day, the 30-share BSE Sensex pared some losses to finish at 49,159.32, down 870.51 points or 1.74 per cent. Similarly, the broader NSE Nifty sank 229.55 points or 1.54 per cent to 14,637.80. Bajaj Finance was the top laggard in the Sensex…
Read More