Opening rally in the Indian stock markets fizzled out on Tuesday as despite a surge in global markets, investors in India remained worried about the rising number of covid-19 cases and the accompanying economic uncertainty.The BSE Sensex ended at 30,609.30, down 63.29 points or 0.21%.
The Nifty was at 9,029.05, down 10.20 or 0.11%. Stocks in Asia Pacific jumped after American biotech firm Novavax said it started first human study of its experimental coronavirus vaccine.
Japanese shares led gains among major markets in the region, with the Nikkei gaining over 2%. Hong Kong, Korea, China and Australia were up 1-2% each.