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.
Flight AI177 will depart Bengaluru at 1.05 p.m. and arrive at London Gatwick at 7.05 p.m. (local time). From London Gatwick, flight AI178 will depart at 8.35 p.m. (local time) and arrive in Bengaluru at 10.50 a.m. (next day arrival). From Bengaluru, the flight will operate on Mondays, Wednesdays, Thursdays, Fridays and Sundays.