MUMBAI : Indian equity markets continued the downward march on Monday, as investors spooked by the economic fallout of the covid-19 pandemic continued to dump Indian stocks to conserve cash.
The BSE Sensex ended at 28,440.32, down 1,375.27 points, or 4.61%, while the 50-share index Nifty was at 8,281.10, down 379.15 points, or 4.38%.
Other Asian markets such as Japan, China, and Hong Kong were down around 1% each. Analysts whom Mint spoke with remained sceptical on the overall impact of the recent liquidity-boosting moves by the government and the Reserve Bank of India (RBI) against the backdrop of a nationwide lockdown that has brought the economy to a virtual standstill.