Sensex crashed over 1300 pts on Omicron scare

Mumbai: The BSE Sensex on Monday tanked 1365 pts at 55,645.76 as heavy selling was witnessed across the board following concerns regarding the spread of the Omicron Covid variant.

The World Health Organization recently warned that the number of cases is doubling in 1.5 to 3 days in areas with community spread.

The Nifty too fell 395 pts at 16,590.20.

The Sensex registered the day's high and low at 56,538.15 and 55,639.11 pts respectively.

The Nifty registered day's high and low at 16,840.10 and 16,566.80 pts respectively.

The Mid Cap fell by 3.11 pc and Small Cap by 3.08 pc.

In 30 scrips, three advanced while 27 declined.

The losers were Bajaj Finance by 4.06 pc to Rs 6622, Bajaj Finserv by 3.89 pc to Rs 15,573.95, IndusInd Bank by 3.88 pc to Rs 848.95, Axis Bank by 3.85 pc to Rs 662.50 and Tata Steel by 3.85 pc to Rs 1088.25.

Apart from this, Asian stocks dropped in early trading today after China slashed its benchmark lending rate for the first time in more than one-and-a-half years. (UNI)