Stock market investors should be cautious due to Omicron, says Market Analyst Nikhil Singh Sumal

Market experts are worried that hasty decisions taken by countries to prevent the spread of the new Covid variant could ultimately end up hurting global economic recovery and markets. 

Over the last several trading sessions, domestic stock markets have seen a jump in volatility as investors remain concerned about the overall impact of the Omicron form of coronavirus.

Following concerns that a new coronavirus variety is spreading swiftly across countries, both the S&P BSE Sensex and the NSE Nifty 50 had two major collapses last week. As a result of scientists classifying the new variety as highly transmissible, some governments have imposed new limitations.

Market experts are worried that hasty decisions taken by countries to prevent the spread of the new Covid variant could ultimately end up hurting global economic recovery and markets. This, in turn, could have a damaging effect on the Indian stock markets as well.