Sensex falls nearly 800 points; Nifty near 14,300; auto bleeds
Story highlights
The S&P BSE Sensex fell 800 points, or 1.5 per cent, at 48,380 levels and the Nifty50 index gave up the 14,350-mark.
Indian indices were trading sharply lower on Thursday as selling continued mainly dragged by banks, auto and IT stocks.
Rising Covid-19 cases across the country have sparked fears of fresh lockdowns which may impact the economic recovery, analysts said.
The S&P BSE Sensex fell 800 points, or 1.5 per cent, at 48,380 levels and the Nifty50 index gave up the 14,350-mark. IndusInd Bank fell 2 per cent and was the top Sensex laggard, followed by Axis Bank, State Bank of India, Bajaj Finance, and Maruti Suzuki (all down over 1%).
Meanwhile, Asian equities were also lower as a selloff in Chinese technology shares due to concerns they will be de-listed from U.S. bourses.
(With inputs from agencies)
