Sensex Dives Over 1000 Points, Nifty Slips Below 14,300

The domestic stock markets have opened in the red on the back of spiralling Covid cases across the country. At 9:20 am, the Sensex was trading at 47,778.75, weaker by 1053.55 points or 2.16 per cent and the NSE Nifty was at 14,285.50, down 332.45 points or 2.16 per cent.

Asian shares hovered near 1-1/2 week highs on Monday helped by expectations that monetary policy will remain accommodative the world over, while COVID-19 vaccine rollouts helped ease fears of another dangerous wave of coronavirus infections.

Australian shares were higher by 0.25, while New Zealand’s benchmark index and South Korea’s KOSPI added 0.4 per cent each. Japan’s Nikkei eased 0.4 per cent.

The three main Wall Street indexes ended higher for the day and week, with the S&P 500 and the Dow breaking closing records, as investors took strong economic data and bank earnings as signs of momentum in the U.S. pandemic recovery.

The Dow Jones rose 0.48 per cent, the S&P 500 gained 0.36 per cent and Nasdaq Composite added 0.1 per cent.

On Friday, the BSE Sensex rose 28.35 points to 48,832.03 and the Nifty climbed 36.40 points to 14,617.90.

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