Sensex crashes, Sensex tumbles 882.61 points, Nifty tumbles 258.40 points

The Sensex fell 883 points on Monday on the back of a sell-off by local investors amid rising cases of Kovid-19 in the country. The 30-stock BSE benchmark Sensex fell by 1,469 points at one point during the day's trading. It later closed at 47,949.42 points, down 882.61 points or 1.81 percent. Similarly, the wide-based National Stock Exchange Nifty fell by 258.40 points, or 1.77 percent, to close at 14,359.45 points.

Shares of Powergrid are down more than four percent among Sensex companies. ONGC, IndusInd Bank, Kotak Bank, L&T, Asian Paints, and Bajaj Auto also suffered losses. On the other hand, Dr. Shares of Reddy's and Infosys rose.

The country's foreign exchange reserves recovered from a two-week decline to $ 581.21 billion in the week ended April, up to $ 4.34 billion. Last week, it fell $ 2.42 billion to a four-month low of $ 576.87 billion. Foreign currency assets, the largest component of foreign exchange assets during the week ended April 9, rose $ 3.02 billion to $ 539.46 billion, according to data released by the Reserve Bank. Gold reserves also rose by $ 1.30 billion to $ 35.32 billion.