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Markets kick off FY21 on a weak note, down 4% as virus cases rise
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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.
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COVID-19
United States
|
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
|
India
|
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
|
Brazil
|
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
|
United Kingdom
|
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
|
Russia
|
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
|
