MUMBAI : Indian stock markets started financial year 2021 on a weak note, with benchmark indices falling around 4% on Wednesday.
Investors have turned very cautious as the number of covid-19 cases in India are rising and the US has also warned that there could be a surge in infections, analysts said.
The BSE Sensex ended at 28,265.31, down 1,203.18 points or 4.08%, while the Nifty was at 8,253.80, down 343.95 points or 4%.
Other markets in Asia including Japan, China, Hong Kong and Korea closed up to 4.50% down. US President Donald Trump has warned of a “very painful" fight against the virus, with the White House projecting 100,000 to 240,000 US deaths.