Sensex slumps 949 pts as Omicron spreads in India; investors lose Rs 4.29 lakh cr

Mumbai | Monday | 6th December, 2021

Summary:

Mumbai, Dec 6 (PTI) Equity indices spiralled lower on Monday as the spread of the Omicron variant in the country spooked investors and triggered an across-the-board sell-off.

A plunging rupee and continued selling by foreign institutional investors added to the woes, traders said.

Extending its losing streak for the second straight session, the 30-share BSE Sensex crashed 949.32 points or 1.65 per cent to close at 56,747.14, an over three-month low.

On similar lines, the broader NSE Nifty slumped 284.45 points or 1.65 per cent to 16,912.25.

All Sensex components ended in the red.

IndusInd Bank was the biggest laggard, shedding 3.75 per cent, followed by Bajaj Finserv, Bharti Airtel, HCL Tech, TCS, Tech Mahindra and Infosys.