Indian equities declined the most in over a month as a quick rising second wave of the coronavirus across the country acted as the key deterrent to market sentiment.

The BSE Sensex fell 1,707 points to end at 47,883 while the NSE Nifty 50 index shed 524 points to end at 14,310. Both benchmark indices fell the most since February 26 this year when a rise in global bond yields sparked a wave of panic selling among investors.

Major Gainers include Dr Reddy's Lab, Cipla, Divis Lab while top Losers were Tata Motors, Adani Ports and IndusInd Bank

All sectoral indices ended the day with losses. Most of them saw their biggest single-day drop since May last year. The PSU Bank index was the top sectoral laggard, ending 9.3 percent lower.

Broader markets saw sharper cuts in today's session. The Nifty Midcap index fell 5.7 percent, the most in over a year while the Smallcap index too fell 5.6 percent in today's session.

The domestic currency Rupee dragged past 75 levels for the first time in 9 month as there was continuing selling in FPIs from the Indian equity and bond markets alike.

Fears of lockdown in Maharashtra and night curfew in various states over the rising number of Covid-19 cases have spooked the sentiments of investors.

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