June 29, 2020 / 4:03 AM / 4 days ago

CORRECTED-Indian shares slip as virus cases surge

(Removes reference in third paragraph to rise in cases being a record)

BENGALURU, June 29 (Reuters) - Indian shares fell on Monday, led by financial stocks, as a jump in coronavirus cases threatened the reopening of the economy, dimming hopes of a quick recovery.

The NSE Nifty 50 index fell 0.64% to 10,316.75 by 0348 GMT, while the benchmark S&P BSE Sensex was down 0.7% at 34,923.68.

Cases in the world’s second most populous country jumped by 19,459 to 548,318 as of Monday morning, with the death toll rising to 16,475, according to latest federal health ministry data.

The global death toll reached half a million people on Sunday, according to a Reuters tally.

Indian media reported that Maharashtra, home to India’s financial capital Mumbai, was set to extend for a month the lockdown to contain the spread of the virus. (Reporting by Chris Thomas in Bengaluru; Editing by Sriraj Kalluvila)

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