Markets crash as Covid-19 cases surge, Sensex down over 1,200 points

The NSE Nifty 50 index was down 0.66% at 14,770.40 by 0400 GMT, while the S&P BSE Sensex was 0.77% lower at 49,642.46.

Indian shares slid on Monday as daily coronavirus infections surpassed 100,000 for the first time, and some states imposed fresh restrictions on outdoor movement, sparking concerns about the pace of the country's economic recovery. The NSE Nifty 50 index was down 0.66% at 14,770.40 by 0400 GMT, while the S&P BSE Sensex was 0.77% lower at 49,642.46. India's coronavirus caseload jumped by a record to surpass 12.5 million on Monday, while the death toll crossed 165,000. Maharashtra — home to India's financial capital of Mumbai — imposed stringent curbs including a complete lockdown on weekends.