Big Fall in Stock Market, Sensex Breaks over 1000Points amid Omicron Threat
Image Credit: Mint
The market was shattered today under the pressure of Omicron. On the first day of the week i.e. Monday itself, the direct impact of weak global signals and Omicron is visible on the Indian stock market. The Indian stock market today started with a big fall. Talking about the Sensex, it is trading 55,689.45, breaking 1322.29 points at 10:56 am. According to the information, Sensex fell 1322.29 points to 55,689.45 in early trade while Nifty fell 402.20 points to 16,583.00.
BSE Sensex fell by 889 points on Friday due to all-round selling in the stock market, while the NSE Nifty had come down to 17,000 points. Investors are staying away from investing in risky assets because of the tightening of monetary policy stances by the central banks of various countries and increasing cases of the novel coronavirus, Omicron. According to traders, foreign institutional investors' constant selling has put pressure on domestic stock markets.
Market condition on Friday
On Friday, the 30-share Sensex closed at 57,011.74, down 889.40 points, or 1.54 percent. IndusInd Bank was the biggest loser with a fall of 4.89 per cent in Sensex shares. Apart from this, Kotak Bank, HUL, Titan, Bajaj Finserv, HDFC and SBI also saw a decline.
Today, Sensex fell 1322.29 points to 55,689.45 in early trade while Nifty fell 402.20 points to 16,583.00 at 10:56 am.
According to market experts, the weak global trend had an impact on domestic indices. The impact of the tightening of monetary policy stance of the central banks of the world's major countries is visible on the market amid increasing cases of new variant Amicron of corona infection.
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