Nagaraj Shetti: Last News

Extension of curbs weighs on markets as covid numbers surge

MUMBAI : Indian benchmark indices ended lower on Monday with the rapid increase in covid-19 cases around the world, especially in the US, threatening to derail economic recovery. With several India states set to extend the lockdown, markets seem to be weighing in the bad news.

For instance, Maharashtra on Monday extended the lockdown till 31 July. The BSE Sensex ended at 34,961.52, down 209.75 points, or 0.60%.

The Nifty closed at 10,312.40, down 70.60 points, or 0.68%.Markets in the Asia-Pacific region were also weak with Japan’s Nikkei down 2.3%. Investors are cautious that the surge in covid-19 cases worldwide could impact the reopening of economies.Nagaraj Shetti, technical research analyst, HDFC Securities, said: “After showing late

. covid-19 2020 economy

Nagaraj Shetti

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