: The benchmark indices fell over 2 per cent in Monday’s early deas as India continued to report a record spike in Covid cases. India recorded over 2.75 lakh new Covid cases in last 24 hours, as per Worldometer.
The S&P BSE Sensex traded around 47,490 levels, down 1,300 points, and the Nifty50 index fell below the 14,300-mark. IndusInd Bank fell 5 per cent and was the top Sensex laggard, followed by State Bank of India, Bajaj Auto, Bajaj Fiannce, and ICICI Bank (down 4% each).
The Nifty sectoral indices were painted red, with Nifty PSU Bank index, down 4.7 per cent, bleeding the most.
ACC, ICICI Prudential Life Insurance Company, Bajaj Consumer Care, CRISIL, Agio Paper & Industries, Pratik Panels, Response Informatics, and Sri Chakra Cement will release quarterly numbers on Monday.