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Indian shares opened lower on Thursday, with concerns over climbing Covid-19 cases in the country and caution ahead of the expiry of March series derivative contracts on the NSE weighing on markets<\/span>. <\/p>\n The benchmark S&P BSE Sensex plunged 460 points, or 0.9 percent, to 48,720 in early trade, while the broader NSE Nifty index was down 130 points, or 0.9 percent, at 14,420.<\/p>\n Banks and automakers led losses, with Maruti Suzuki India, Tata Motors, IndusInd Bank, Kotak Mahindra Bank and Eicher Motors falling 1-2 percent. <\/p>\n NBCC fell 2 percent after the Supreme Court refused to approve the resolution plan of the state-owned company for the debt-ridden Jaypee Infratech. Shares of the latter dropped 3 percent.<\/p>\n ABB India declined 1.6 percent. The company has achieved a key milestone in delivering solar plant automation solutions across India.<\/p>\n TVS Motor Company was down 1.7 percent. The company named former Jaguar Land Rover chief executive Ralf Speth as director.<\/p>\n Emami was down 0.7 percent after it infused Rs. 50 lakh in Brillare Science Pvt Ltd by subscribing to compulsorily convertible preference shares.<\/p>\n Jubilant Foodworks climbed 1.2 percent after it entered into an exclusive master franchise and development agreement with PLK APAC Pte Ltd to sub-license the ‘Popeyes’ brand and operate Popeyes restaurants in India, Bangladesh, Nepal, and Bhutan in the coming years.<\/p>\n Kirloskar Ferrous Industries jumped nearly 3 percent after it has been declared the ‘Preferred Bidder’ in the auction of Bharath Mines & Minerals. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n