India Sensex Counters Asia Rebound After New Virus Cases Found

(Bloomberg) — A rebound in Indian equities, from their worst week in a decade as of Friday, proved to be short lived.Stocks reversed gains in the last hour of the session, with the benchmark index briefly nearing the correction zone, after the health ministry reported two new coronavirus cases on Monday. The S&P BSE Sensex closed at 38,144.02, down 0.4%, after rising as much as 2.1% earlier in the day. It’s the longest stretch of losses for the gauge in more than nine months, data compiled by Bloomberg show. The NSE Nifty 50 Index fell 0.6% while the India NSE …read more

Source:: Yahoo Finance

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