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Market Highlights: Sensex crashes 1,190 points, Nifty ends at 16,614 amid Omicron fears


Share/Stock Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended over 2 per cent lower on Monday taking cues from their global peers which sank as raging global Omicron infections threatened to derail the economic recovery.

The S&P BSE Sensex tanked 1,189.73 points (2.09 per cent) to settle at 55,822.01, while the broader Nifty 50 ended at 16,614.20, down 371.00 points (2.18 per cent). Earlier in the day, both the indices had opened around 1.5 per cent lower and extended their losses to slip over 3 per cent.

Among the biggest losers on the Sensex were Tata Steel, IndusInd Bank, Bajaj Finance, State Bank of India (SBI), HDFC Bank, NTPC, Kotak Mahindra Bank, Larsen & Toubro (L&T), Reliance Industries (RIL) and Bajaj Finserv. there were only two gainers of the day, Hindustan Unilever and Dr Reddy’s Laboratories.

Among individual stocks, Shriram Properties made a weak debut and got listed at a discount of over 23 per cent from its issue price. It ended over 16 per cent lower on the NSE.

Among others, the shares of Future Group companies surged up to 20 per cent on Monday after the Competition Commission of India (CCI) suspended its over two-year-old approval for Amazon’s deal with Future Coupons and imposed a Rs 202-crore penalty on the e-commerce giant.

(with inputs from agencies)





Read More : Market Highlights: Sensex crashes 1,190 points, Nifty ends at 16,614 amid Omicron fears

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