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Markets erase early gains as covid cases continue to surge
markets on Tuesday erased all gains made earlier in the day on concerns over rising covid-19 cases.After rising nearly 1% in early trade, benchmark equity indices Sensex and Nifty were flat around noon at 47,940 points and 14,316, respectively.Also Read | Why Bangladesh is flying high at 50"Market is expected to remain volatile in the near term due to sharp increase in COVID-19 daily cases in the country and possibility of large economic restrictions. Further, possibility of lockdown in large states like Maharashtra will weigh on investors’ sentiments," said Binod Modi, head strategy at Reliance Securities.India recorded 1,61,736 fresh cases on Monday.