Nifty posts 6.7% weekly drop as investors continue to fret over Covid-19

The Indian markets declined more than 2 per cent on Friday as investors continued to fret over the corporate and economic impact of the Covid-19 pandemic, which has now infected more than a million people globally.  Investors were left disappointed after Prime Minister Narendra Modi in his video message refrained from offering any measure to help repair the economy. 

The Sensex closed at 27,591, down 674 points, or 2.4 per cent. The Nifty fell 170 points, or 2.06 per cent, to end at 8,084. The Nifty index fell 6.7 per cent during the week, while the Sensex fell 7.5 per cent.