Sensex plunges over 1,000 points as fast-spreading Omicron risks economic recovery …

New Delhi: The BSE Sensex and the Nifty extended fall in the afternoon trade as the surge in fresh Omicron cases spooked investors globally.

Equity market opened sharply lower on Monday in line with other Asian indices as the fast-spreading Covid-19 variant Omicron has emerged as a fresh challenge to economic recovery worldwide and has dampened investors’ risk appetite.

Among Nifty stocks, 47 out of the 50 were in the red today while Tata Motors was the top loser, down 3.57% followed by Tata Steel and JSW Steel, which declined 3.22% and 3.15% respectively.

Foreign Portfolio Investors were net sellers to the tune of Rs 2,070 crore in the cash segment on Friday while in the futures & options segment, they bought shares worth Rs 6,236 crore.

Japan’s Nikkei was down 2.19%, China’s Shanghai Composite fell 0.75%, Taiwan Weighted declined 0.80%, while the Hang Seng shed 1.37%.

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