The benchmark indices slumped on Monday amid a global sell-off triggered by concerns about rising Covid-19 cases and news reports on suspicious transactions involving international banks.
The Nifty50 fell 254 points, or 2.2 per cent, to end at 11,250 — the biggest fall in three weeks, and the Sensex closed at 38,034, dropping 812 points, or 2.1 per cent. The Nifty was the worst performing index in Asia.
Wall Street’s main indexes hit their lowest in nearly seven weeks in early trade. The Dow Jones Industrial Average was down 2.8 per cent to 26,894 as of 08:30 pm IST, while