Sensex falls 561 points on weak global cues as Covid-19 worries mount

The benchmark indices dropped 1.6 per cent on Wednesday amid a sell-off in the European markets and a drop in the US stock futures because of worries over a fresh wave of Covid-19. The Sensex fell 561 points, or 1.6 per cent, to end at 34,869. The index dropped as much as 911 points from the day’s high. The Nifty fell 166 points, or 1.6 per cent, to end at 10,305. The index hit an intra-day high of 10,553 — a level last seen in early March.

While the markets traded with gains for the most part of the day,