Sensex, Nifty End Over 3% Lower As Rising Covid Cases Stoke Lockdown Fears

Indian equity benchmarks suffered their worst single-day fall since February 26 as rising Coronavirus cases in the country stoked fears of lockdowns. The Sensex dropped as much as 1,811 points or 3.65 per cent to hit an intraday low of 47,780 and Nifty 50 index tumbled below its important psychological level of 14,300 at the day's lowest level. All but four shares in the Nifty 50 basket ended with a negative bias.