Sensex tanks nearly 1,400 points as Covid-19 crisis worsens

The NSE Nifty 50 index was down 2.4% at 14,264.10 by 9:15 am, while the S&P BSE Sensex also declined 2.4% at 47,660.55.

Indian shares dropped on Monday as the country struggled to contain an unrelenting surge in coronavirus infections, fuelling fears of harsher restrictions and more economic pain. The NSE Nifty 50 index was down 2.4% at 14,264.10 by 9:15 am, while the S&P BSE Sensex also declined 2.4% at 47,660.55. India on Monday reported its tenth record daily increase in COVID-19 cases in eleven days, with the capital city of New Delhi — currently under a weekend curfew — reporting a shortage in critical-care beds.