The benchmark equity indices on the BSE and National Stock Exchange (NSE) tumbled over 2 per cent in the morning trade on Monday as the daily COVID-19 infections surpassed 1,00,000-mark for the first time in the country.
To curb the virus, some states have imposed fresh restrictions on public movement thereby triggering concerns about the pace of the country’s economic recovery.
At 10:18 am, the S&P BSE Sensex slipped 1,303.60 points (2.61 per cent) lower at 48,726.23, while the broader Nifty 50 on NSE was down 367.05 points (2.47 per cent) at 14,500.30.
Both the indices had opened over 0.5 per cent lower and slipped further as the trade progressed.
HDFC twins comprising HDFC Bank and Housing Development Finance Corporation (HDFC) were the top contributors to the fall in the BSE benchmark.
They were followed by ICICI Bank and Reliance Industries (RIL) during the morning trade on Monday.
Surjitt Sahani
