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Fear of covid second wave spooks markets

Usa India city Mumbai covid-19 vaccine Coronavirus Waves
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Mumbai: Rising covid cases, increasing risk of a second wave of the deadly virus in India and a cautious trade by global investors ahead of the US Federal Reserve meet outcome continued to weigh on markets.

Markets fell most in over two weeks, ending lower for the fourth consecutive day amid high volatility.The BSE Sensex slipped 562.34 points or 1.12% ending at 49,801.62.

The Nifty dragged 189.15 points or 1.27%, before closing at 14,721.30. Sell-off in BSE Midcap and BSE Smallcap were sharper with both the indices losing over 2% each."Indian market remained in negative territory as investors traded cautiously ahead of the US Fed meeting coupled with a resurgence in covid cases.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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