Sensex Crashes Over 1,400 Points, Nifty Below 16,550 On Omicron Fears...
Selling pressure was visible across the sectors as all the 15 sector gauges compiled by the National Stock Exchange were trading lower.
The Indian equity benchmarks extended losses after staging a gap down opening as spread of Omicron variant of Coronavirus rattled investors' sentiment. The BSE Sensex fell as much as 1,463 points and Nifty 50 index dropped below its important psychological level of 16,550.
As of 11:59 am, the Sensex was down 1,348 points or 2.4 per cent at 55,641 and Nifty 50 index dropped 420 points or 2.5 per cent to 16,564.
Asian share markets fell and oil prices slid on Monday as surging Omicron Covid-19 cases triggered tighter curbs in Europe and threatened to swamp the global economy into the New Year.