Lagatar24 Desk
Mumbai, Dec.17: The key indices of the Indian stock markets sank dramatically on Friday, dragged down by widespread selling pressure brought on by a variety of causes, including the rising number of Omicron instances. The S&P BSE Sensex fell over 700 points, while the Nifty 50 fell 1.5%.
Concerns that the fast-spreading Omicron cases would disrupt the economic recovery led to a drop in auto, banking, and financial stocks. IndusInd Bank and Titan both fell more than 3%. Selling pressure is widespread, with 12 of the 30 stocks that make up the Sensex trading more than 2% lower than their previous day’s closing.
The benchmark Sensex began the day with a gain of 58,021.63 points, up from the previous day’s close of 57,901.14. However, selling pressure dominated the market from the start, as the Sensex fell to 57,122.56 points at 11:50 a.m., down 1.34 percent or 778.58 points from the previous day’s close.
