MUMBAI : Indian stock markets continued to see sell-offs amid the surge in covid-19 cases. However, the pace of single-day fall has declined significantly.
On Friday, BSE Sensex ended at 27,590.95, down 674.36 points or 2.39%, while the 50-share Nifty fell 170 points or 2.06% to 8,083.80.
Asian markets witnessed mixed response to the covid-19 crisis with China and Australia falling 1-2%. Investors remained concerned over the rise in infections across the world and the potential economic fallout, according to Sanjeev Zarbade, vice-president, PCG Research, Kotak Securities Ltd. “While the timing of the control of the covid-19 pandemic is uncertain, we find that valuations are entering the value zone.