218: 22.02.2021 | Markets crash over 2% on rising covid fears

Markets fell more than 2% on Monday amid fresh concerns over rising number of covid-19 cases leading to the fears that the economic impact will be much larger than earlier estimates. Adding to those uncertainties is the fear of rising global inflationary risks as crude prices have been on the surge. The BSE Sensex ended at 49,744.32, down 1145.44 points or 2.25%. The Nifty closed at 14,675.70, down 306.05 points or 2.04%. The India Volatility Index or VIX jumped the most in two months, ending 14.5% higher at 25.47.