Shares of film exhibitors – PVR and Inox Leisure fell over 8 per cent every after Coronavirus instances crossed 1 lakh-mark for the primary time triggering recent lockdowns in components of the nation. Maharashtra authorities on Sunday introduced new restrictions together with an evening curfew within the state and a “strict lockdown” over the weekends from Friday 8 pm to Monday 7 am amid an unprecedented surge in coronavirus instances.
As a part of the lockdown cinema halls will stay closed with a purpose to curb the unfold of Covid infections.
Maharashtra reported almost 50,000 new instances on Saturday – round 60 per cent of all instances reported from throughout the nation on that day. On Friday the state reported round 48,000 instances.
State capital Mumbai reported over 11,000 instances on Sunday – probably the most in a day because the pandemic started in December 2019. On Saturday, town reported over 9,000 new instances.
With 1,03,558 recent Covid instances, India has seen the biggest-ever day by day surge, taking the tally to 1,25,89,067. Prime Minister Narendra Modi on Sunday held a high-level meet to evaluate the scenario; central groups have been rushed to a few states.
As of 1:17 pm, PVR shares traded 6.36 per cent decrease at Rs 1,157 and Inox Leisure was down 5 per cent at Rs 265.
