Sensex hits intra- say low:The benchmark Sensex at the Bombay Stock Exchange crashed 1,708 points or 3.44 per cent in the trading hours on Monday to hit an intra-day low of 47,883 after the Covid numbers surged unabated over the weekend.
Even last Monday, the Sensex had fallen around 1450 points or 2.9 per cent in the early trading hours. Even the rupee fell 26 paise or 0.36 per cent to trade at 74.98 against the US dollar on Monday.
The cause is attributed to the domestic indices. They came under pressure on account of the sharp rise in Covid-19 cases over the weekend and growing concerns over states considering a more stringent lockdown, unlike what was perceived earlier.