Sensex slumps 1200+ points amid Covid fears

April 05, 2021 10:57

Update: Sensex slumps over 1,200 points to trade at around 48,818, Nifty falls over 330 points to around 14,540.

Coronavirus cases in India hit a record daily high since the the outbreak of the pandemic with 1,03,558 new infections pushing the nationwide COVID-19 tally to 1,25,89,067, according to the Union Health Ministry data updated on Monday.

The single-day rise in cases surpassed the earlier peak of 97,894 infections reported on September 17, last year, making it the highest so far. The death toll increased to1,65,101 with 478 daily new fatalities, the data updated at 8 am showed. Last year, it took 76 days for the single-day rise in coronavirus cases in India to reach the then peak of 97,894 from 20,000.

However, this time the daily rise in cases have galloped at a much faster pace taking just 25 days (March 10 to April 4) to cross the grim milestone of one-lakh infections.

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