BSE Sensex ended at 33,956.69, down 413.89 points or 1.20%. The Nifty was at 10,046.65, down 120.80 points or 1.19%.Stocks in Asia Pacific were mostly higher as investor sentiment continues to remain elevated amid an easing of coronavirus lockdown measures.
Markets in Hong Kong and China ended nearly 1% higher. Korea and Japan were flat at closing. Most European markets were down over 1% in afternoon trade despite an overnight rally in the US with S&P 500 erasing its losses for the year.
The World Bank said Monday that it expects the global economy to shrink by 5.2%, representing the deepest recession since the World War II.The World Bank projected India’s economy to contract 3.2% in fiscal 2021 as stringent measures to restrict spread of.