Sensex, Nifty give up gains as stricter Covid restrictions spook investors

The NSE Nifty 50 index fell 0.44% to 14,296.4, while the S&P BSE Sensex lost 0.51% to end at 47,705.80.

Indian shares gave up gains to end lower on Tuesday as investors locked in profits in IT services stocks, while fears of more economic pain from coronavirus lockdowns also weighed on sentiment. The NSE Nifty 50 index fell 0.44% to 14,296.4, while the S&P BSE Sensex lost 0.51% to end at 47,705.80. The two indexes have retreated 6.9% and 8.7%, respectively, from record highs hit in February as surging COVID-19 cases threaten to stifle a nascent economic recovery.