The COVID pandemic has broken out in China, and infections are on the rise in other parts of the world. As a result, the major market indexes Sensex and Nifty ended trading on Wednesday with a loss of roughly 1%.

The 30-share BSE Sensex dropped 635.05 points or 1.03% throughout the course of the time period to settle at 61,067.24. The Sensex dropped 763.91 points, or 1.23%, during the trading session to reach 60,938.38 points. The Nifty of the National Stock Exchange also finished lower, down 186.20 points or 1.01%, at 18,199.10 points. Tata Motors, IndusInd Bank, Bajaj Finserv, Maruti, Ultra Tech Cement, State Bank of India, and Kotak Mahindra Bank were among the losses in the Sensex pack. Sun Pharma, HCL Technologies, Tata Consultancy Services, Tech Mahindra, Nestle, Wipro, and Infosys shares, on the other side, finished with gains.