Single-day spike of 19,459 COVID-19 cases takes India's tally to 5,48,318

The number of active cases stands at 2,10,120, while 3,21,722 people have recovered, and one patient has migrated, according to the updated data "Thus, around 58.67 per cent of patients have recovered so far," an official said


New Delhi:

 A single-day spike of 19,459 COVID-19 cases took India's tally to 5,48,318 on Monday, while the death toll climbed to 16,475 with 380 new fatalities, according to the Union Health Ministry data

 

This is the sixth consecutive day that coronavirus infections have increased by more than 15,000. The country has seen a surge of 3,57,783 infections from June 1 till date

 

The number of active cases stands at 2,10,120, while 3,21,722 people have recovered, and one patient has migrated, according to the updated data

 

"Thus, around 58.67 per cent of patients have recovered so far," an official said

 

Meanwhile, Indian shares fell on Monday as a jump in coronavirus cases across the world and at home stoked fears of renewed restrictions that could hit business activities, dimming hopes of a quick economic recovery.The NSE Nifty 50 index .NSEI fell 1.07% to 10,272.4 by 0514 GMT, while the benchmark S&P BSE Sensex .was down 1% at 34,819.6.
 

Maharashtra, home to India’s financial capital Mumbai, was set to extend for a month the lockdown imposed to contain the spread of the virus, Indian media reported.

 

“The economic reality is going to be on the downside, that’s a given. Liquidity is the only support for global markets and that is the only hinge on which the markets are moving,” said Mayuresh Joshi, head of equity research at William O’Neil & Co in India, adding that tensions with China following the recent border clashes were also a overhang on sentiment.

 

The Nifty 50 has recovered around 40% from a four-year low hit in mid-March as foreign investors poured in money. However, the index is still down 15% for the year, compared with a 7% drop for the MSCI Asia index .MIAPJ0000PUS.


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