Shares of motion picture exhibitors - PVR and Inox Leisure tipped over 8 percent each on the BSE after coronavirus cases crossed the 1 lakh mark for the first time, setting off fresh lockdowns in parts of the country.
The Maharashtra federal government on Sunday announced new constraints, consisting of a night curfew in the state and a strict lockdown over the weekends from Friday 8 pm to Monday 7 am in the middle of an unprecedented surge in coronavirus cases.As part of the lockdown, cinema halls will stay closed in order to curb the spread of Covid infections.Maharashtra reported almost 50,000 new cases on Saturday - around 60 percent of all cases reported across the country on that day.
On Friday, the state had actually reported around 48,000 cases.The state capital Mumbai reported over 11,000 cases on Sunday - the most in a day given that the pandemic began in December 2019.
On Saturday, the city had reported over 9,000 brand-new cases.With 1,03,558 fresh Covid cases, India has actually seen the biggest-ever everyday rise, taking the tally to 1,25,89,067.
Prime Minister Narendra Modi on Sunday held a high-level satisfy to evaluate the circumstance; main groups have actually been hurried to 3 states.As of 1:17 pm, PVR shares traded 6.36 percent lower at Rs 1,157 and Inox Leisure was down 5 per cent at Rs 265.