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Image Source : PTI (FILE) Sensex crashes over 1,100 points; Nifty tanks 371 points to end just above 16,600
Equity benchmark Sensex plummeted over 1,100 points on Monday, tracking across-the-board losses amid a selloff in global markets as concerns over rising Omicron cases spooked investors, to end below 56,000. The 30-share index slumped 1,189.73 points or 2.09 per cent to close at 55,822.01. Similarly, the Nifty tanked 371 points or 2.18 per cent to end at 16,614.20.
Tata Steel was the top loser in the Sensex pack, sinking over 5 per cent, followed by SBI, IndusInd Bank, Bajaj Finance, HDFC Bank and NTPC. On the other hand, HUL and Dr Reddy’s were the gainers.
According to experts, exploding COVID-19 cases, sustained selling by foreign institutional investors and slowing growth momentum in the developed economies have spooked markets the world over.
Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended with heavy losses. Stock exchanges in Europe too were trading deep in the red in mid-session deals. Meanwhile, international oil benchmark Brent crude tumbled 3.51 per cent to USD 70.94 per barrel.
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