Markets eke out gains amid Omicron jitters; RIL spurts post Jio tariff hike

Mumbai | Monday | 29th November, 2021

Summary:

Mumbai, Nov 29 (PTI) Benchmark indices made a positive start to the week on Monday following gains in RIL, bank and IT stocks, even as investors remained jittery over the Omicron variant of the coronavirus.

Governments across the world raced to impose fresh travel restrictions as cases of the new variant emerged in multiple countries.

The World Health Organisation (WHO) has designated Omicron as a "variant of concern", the health body"s top category for worrying coronavirus variants, although South African health authorities said symptoms of the new strain were mild so far.

No case of the Omicron variant has been detected in India yet.

Stabilising after Friday"s brutal sell-off, the 30-share BSE Sensex gained 153.43 points or 0.27 per cent to finish at 57,260.58.

The index had tanked more than 500 points or over 1 per cent in opening trade in line with weak global cues.