Rising Covid cases, US elections jolt global markets for 2nd time this week

Sensex slips 600 pts amid global sell-off; Dow slides 700 pts as uncertainty fuels investor anxiety

The markets were rattled for the second time this week by the renewed rise in Covid-19 cases across the globe, and uncertainty surrounding the US presidential elections added to investors’ anxiety.

The Sensex closed at 39,922, down 600 points, or 1.5 per cent, while the Nifty fell 160 points, or 1.3 per cent, to end at 11,730 — marking the second time this week when benchmark indices fell over one per cent.

European and US futures tumbled as many countries have registered record numbers of infections over the past few days and governments have reintroduced fresh curbs on movement to control the