Asian and European equity markets rebounded Monday as some of the world’s worst-hit countries reported falling death rates, providing much-needed hope in the battle against coronavirus, but oil prices sank after a meeting of top producers was delayed.
While deadly COVID-19 continues its deadly sweep across the planet, with more than 1.25 million now declared infected and nearly 70,000 dead, news out of Europe that the rise of fatalities was easing has lifted spirits on trading floors.
The Sensex plummeted 674.36 points or 2.39 per cent to close at 27,590.95 on Friday. Selling in markets led to a decline in market capitalisation of the BSE-listed companies which tumbled Rs 4,82,033.63 crore to Rs 1,08,66,722.96 crore in two days.
Nifty50 closed lower at -8083.80 level, -170.00 points, or -2.06 per cent. Nifty Support : 8000 and 7850 Resistance : 8300 and 8400.
