The 30-share BSE index fell 883 points or 1.81 per cent to shut at 47,949; whereas the broader NSE Nifty settled 258 points or 1.77 per cent decrease at 14,359.
Top losers within the sensex pack included PowerGrid, IndusInd Bank, ONGC, Kotak Bank, Asian Paints and L&T and Kotak Bank with their shares falling as much as 4.24 per cent.
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Dr Reddy and Infosys have been the one two shares that completed in inexperienced.
On the NSE platform, sub-indices Nifty PSU Bank, Realty, and Auto falling as a lot as 4.31 per cent.
Fear of harsher restrictions and extra financial ache amid report surge in Covid-19 instances spooked investor sentiments.
India reported its tenth report every day enhance in Covid instances in eleven days, with the capital metropolis of New Delhi saying an entire curfew until subsequent Monday.
Maharashtra had already imposed stringent curbs, efficient April 15.
“The surge in Covid-19 infections seems uncontrollable proper now… the numbers will stabilise however buyers are nervous about how lengthy it’ll take and the way a lot stress the medical system will be capable of bear,” Siddharth Khemka, head of retail analysis at Motilal Oswal Financial Services advised information company Reuters.
“An complete financial cycle is about to be impacted as instances rise and associated curbs are elevated,” Khemka added.
Meanwhile, overseas institutional buyers have been web consumers within the capital market as they bought shares price Rs 437.51 crore on Friday, in keeping with provisional alternate knowledge.
(With inputs from businesses)