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Market wrap: Monetary policies, Omicron drag Sensex, Nifty 3% in a week
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business-standard.comTop headlines
The BSE Sensex tanked to a low of 56,951, and eventually settled with a loss of 889 points at 57,012. The NSE Nifty50, meanwhile, slumped to a low of 16,966 intra-day, and ended with a loss of 263 points at 16,985. This was the first time since December 6 that the Nifty ended below the 17,000 mark.
Amid persistent FPI selling, a weaker currency, and worries due to fresh restrictions across global economies due to the new Covid-19 variant, the frontline indices declined 3 per cent during the week.
As regards today, index heavyweight Reliance Industries plunged 2.6 per cent, and alone accounted for a fifth of the total loss for the BSE benchmark. That apart, HDFC twins, ICICI Bank, Kotak Bank, and HUL were some of the other
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