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HomeMoneyOmicron's growing concern, the stock market fell, know how much Sensex-Nifty broke

Omicron’s growing concern, the stock market fell, know how much Sensex-Nifty broke

Highlights

  • Sensex closed at 57,806.49, down 90.99 points, or 0.16 percent
  • Nifty also closed at 17,213.60, down 19.65 points or 0.11 percent.
  • State Bank of India was the biggest loser with a fall of more than one percent in Sensex shares.

Mumbai
Share Market Fall Today: The continued bullishness in the stock markets for the last two days came to a halt and the BSE Sensex closed down by about 91 points on Wednesday. The market declined on profit-booking by HDAC Bank, SBI and ITC. In volatile trade, the 30-share Sensex closed at 57,806.49, down 90.99 points, or 0.16 per cent.

The Nifty of the National Stock Exchange also closed at 17,213.60, down 19.65 points, or 0.11 percent. State Bank of India was the biggest loser with a fall of more than one percent in Sensex shares. Apart from this, ITC, NTPC, Tech Mahindra, Tata Steel, Kotak Bank and Mahindra & Mahindra also declined. On the other hand, gainers include Sun Pharma, IndusInd Bank, Dr Reddy’s and Bajaj Finserv.

According to experts, the domestic market remained volatile throughout the trade amid a weak trend in global markets. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said the government and the market have different stances on Omicron.

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“Globally, governments are taking a cautious approach and imposing some restrictions. In India too, some restrictions have been imposed in Maharashtra and Delhi amid increasing cases of infection. But the market reaction is such that Omicron is the last stage of the pandemic.

In other Asian markets, Shanghai Composite in China, Hong Kong’s Hang Seng, South Korea’s Kospi and Japan’s Nikkei ended with losses. Major markets in Europe were mixed in afternoon trade. Meanwhile, international oil benchmark Brent crude rose 0.11 per cent to $78.76 per barrel. The rupee closed with a loss of three paise at 74.73 (provisional) per dollar in the interbank foreign exchange market.

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