The S&P BSE Sensex and NSE Nifty 50 indexes snapped their five-day winning streak as rising Covid-19 cases dented investors' sentiment. The Sensex fell as much as 329 points and Nifty 50 index touched an intraday low of 11,057. Infosys, Hindustan Unilever, HDFC Bank, Tata Consultancy Services, Larsen & Toubro and Kotak Mahindra Bank were among the top drags on the Sensex.
The Sensex ended 59 points or 0.16 per cent lower at 37,872 and Nifty 50 index declined 30 points or 0.27 per cent to close at 11,133.
India's coronavirus tally is inching closer to the 12 lakh-mark after 37,724 new patients were recorded in the last 24 hours, the Union Health Ministry said this morning. Around 7.5 lakh patients have recovered so far; 28,732 have died. 648 deaths linked to the illness were recorded in the last 24 hours.
Maharashtra is the worst hit state in the country and has a mortality rate of 3.8 per cent, way higher than the national average of 2.5 per cent.