Mumbai: Indian benchmark indices ended lower on Monday as rapid increase of Covid-19 cases around the world and especially in the US, threatened to derail the economic recovery hopes.
With states in India set to extend lockdown or reconsidering bringing back lockdown measures, markets seem to be weighing the bad news.
Maharashtra government, on Monday, extended lockdown in the state till 31 July. The state government asked officials to enforce measures and necessary restrictions during the extended lockdown to contain the spread of the virus.
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 other parts of Asia Pacific region were also weak with Japan’s.