Markets slump as coronavirus cases rise, global recovery turns uncertain

Nifty ended at 14,549, with a decline of 265 points or 1.8 per cent. Sensex ended at 49,180, falling 871 points or 1.7 per cent.

The Indian markets on Wednesday posted their biggest single-day fall in nearly a month as the resurgence of coronavirus sparked concerns about the pace of economic recovery.

Fresh lockdowns in Europe and the possibility of an increase in tax rates in the US impacted investor sentiment towards risky assets. Foreign investors pulled out nearly Rs 2,000 crore from Indian equities on Wednesday.

The Nifty ended the session at 14,549 with a decline of 265 points, or 1.8 per cent, while the Sensex fell 871 points, or 1.7 per cent, to close at 49,180. In percentage terms, this fall was the most since