NEW DELHI: Investors’ wealth fell by Rs 5,80,016.37 crore in two trading sessions on Monday as stock markets faced heavy selling on concerns over the Omicron version of Covid-19.
The BSE 30-share Sensex closed at 56,747.14 on Monday, down 949.32 points or 1.65 per cent. In the previous session, the benchmark had settled 764.83 points or 1.31 per cent lower at 57,696.46.
The market capitalization of BSE-listed companies declined by Rs 5,80,016.37 crore to Rs 2,56,72,774.66 crore in two days.
“Markets fell sharply and continued Friday’s decline, down more than 1.5 per cent. After a flat start, weak global cues and updates on the new COVID version began to weigh down sentiment as the day progressed,” What was said. Ajit Mishra, VP – Research, Religare Broking Ltd.
In India, 21 cases of the Omicron version of Covid-19 have been reported so far with 17 cases – nine persons in Rajasthan’s capital Jaipur, seven in Maharashtra’s Pune district and a 37-year-old fully vaccinated person who is in India. had come. Tanzania to Delhi- Being told on Sunday.
According to the Indian Medical Association, Omicron has been shown to be less potent in causing serious infections, but is certainly five to 10 times more contagious than the delta version.
All the Sensex companies closed in the red mark. IndusInd Bank was the biggest laggard, falling 3.75 per cent, followed by Bajaj Finserv and Bharti Airtel.
In the broader market, the BSE Midcap and Smallcap indices declined 1.35 per cent.
Siddharth Khemka, head of retail research, Motilal Oswal Financial Services Ltd, said, “The new version of Kovid and concerns about the upcoming RBI meeting on interest rate kept the market volatile.”
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