Indian Markets Plunge Amid Sell-Off Across Sectors, Sensex Down 386 Points in Opening Trade

Under the impact of a nationwide lockdown imposed in India in late March due to COVID-19, the country's benchmark stock index, Sensex, shed almost 16,000 points in a matter of weeks. From 42,000 levels in early March, Sensex plunged to 26,000 by the end of the same month.

Indian bourses continued their downward trend on the second trading session of the week on Tuesday. The fall was in tandem with the Asian markets on the back of concerns regarding fresh Covid-19 curbs in Europe.  

The Bombay Stock Exchange's 30 share benchmark index, Sensex, was down 386 points after a marginally strong opening to trade at 37,648 levels. 

Similarly, the wider National Stock Exchange's 50-share Nifty too fell 85 points to trade at 11,165 levels.  Stocks that contributed to Tuesday’s fall are HDFC, Reliance Industries, and Infosys.