India leads losses in Asia-Pacific as Covid - 19 infections surge

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India leads losses in Asia-Pacific as Covid - 19 infections surge

SINGAPORE- Shares in Asia-Pacific led to losses in India on Monday, with multiple major markets in the region closed for holidays.

The nifty 50 declined 1.54% to close at 14,637.

80 while the BSE Sensex fell on the day to 49,159. 32 as investors grappled with a recent up-cycle in the Covid 19 cases.

On Monday, India reported a record number of new cases over a 24 hour period, exceeding the levels seen in September when the first wave of infection reached its peak. According to the latest government data there were 103,558 new cases, pushing the total number of reported infections to more than 12.5 million.

Maharashtra, which is the wealthiest state in India and home to the financial capital of Mumbai, has been particularly hit since February. On Monday, the state reported more than 57,000 total new cases, making up more than half of India's daily infections.

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