Sensex, Nifty drop as fresh Covid-19 cases hit record high

The NSE Nifty 50 index fell 0.64% to 14,204.15 by 0400 GMT, while the S&P BSE Sensex declined 0.68% to 47,372.15.

Indian shares dropped on Thursday as the country's medical system groaned under an unrelenting rise in coronavirus cases, after it reported record jumps in daily infections and deaths. The NSE Nifty 50 index fell 0.64% to 14,204.15 by 0400 GMT, while the S&P BSE Sensex declined 0.68% to 47,372.15. In early trade, both the indexes fell as much as 1% to hit their lowest in nearly three months as a surge in COVID-19 cases and related restrictions threatened to stifle the country's nascent economic recovery.