Sensex sinks 1,407 points: How market experts interpreted the development

The new Covid-19 strain is a big concern for the markets now, says Ambareesh Baliga, an independent market expert

Sentiment soured at the burses on Monday with the S&P BSE Sensex plummeting 1,800 points in intra-day trade on weak global cues. Fears of a new strain of coronavirus that has threatened the UK. The S&P BSE Sensex ended the day at 1,407 points, or 3 per cent, lower at 45,553 levels. Nifty50, on the other hand, closed 432 points, or 3.1 per cent, lower at 13,328 levels.

UK According to reports, UK’s Health Secretary Matt Hancock has warned that the new strain of the coronavirus is ‘out of control’ and suggested parts of England will be stuck in the