Sensex, Nifty decline over 1% in opening trade on COVID-19 variant, Omicron, worries
The Hindu
Asian markets were also down as investors continued to assess the risks to the economic recovery posed by the new COVID-19 variant Omicron.
Key stock indices Sensex and Nifty declined by more than 1% in the early trade on Monday due to deep losses in financials, IT and auto stocks amid lingering worries over the emergence of the new COVID-19 variant Omicron.
The 30-share BSE Sensex tumbled by 585.22 points or 1.02% to 56,521.93 points with 25 of its components trading in the red.
The broader Nifty of the National Stock Exchange tanked 191.40 points or 1.12 % to 16,835.05 as Adani Ports, Tata Motors and Hero MotoCorp dropped.
SoftBank Group will acquire digital infrastructure investor DigitalBridge Group in a deal valued at $4 billion
Meta said on Monday it would acquire Chinese artificial intelligence startup Manus, as the technology giant accelerates efforts to integrate advanced AI across its platforms.
Gujarat leads India in okra production, with Saurashtra-Kutch emerging as a key horticulture hub ahead of VGRC 2026.
India seeks $30 billion from Reliance and BP for alleged mismanagement of gas reserves in a landmark arbitration case.
Despite several safeguarded and technology interventions, fraudsters continued to game the banking system and duped both lenders and depositors as indicated in a statutory report by the Reserve Bank of India (RBI).
Australia will eliminate tariffs on all Indian exports starting January 1, 2026, enhancing trade under the Economic Cooperation Agreement.
Sensex drops 346 points for the fourth consecutive day amid foreign fund outflows and low year-end trading activity.
The rupee fell 8 paise to 89.98 against the dollar amid foreign fund outflows and increased importer demand.
Explore the volatility of the Indian Rupee against the U.S. Dollar in 2025, driven by trade uncertainties and market pressures.
Silver futures soar 6% to ₹2.54 lakh/kg, crossing $80/ounce globally amid bullish trends and strong investor demand.
Stock markets gained momentum after a slow start, with Sensex rising 105.17 points and Nifty up 35 points.
Rupee dips 5 paise to 89.95 against the dollar amid foreign fund outflows and a sluggish equity market opening.
Direct flights from Chennai and Coimbatore to Navi Mumbai airport start December 29, enhancing travel options for passengers.