Omicron Concerns Pull Equity Markets Down: Sensex Ends 190 Points Lower, Nifty Just Above 17,000

In Nifty, HCL, Tech Mahindra, SBI Life and Wipro gained the most. Whereas, NTPS, Grasim, Eicher Motors were the top losers.

Written by: India.com Business Desk Edited by: Raghav Aggarwal

Published: December 24, 2021, 5:30 PM IST

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https://www.india.com/business/omicron-concerns-pull-equity-markets-down-sensex-ends-190-points-lower-nifty-just-above-17000-5154021/ Copy

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New Delhi: Amid the rising cases of Omicron variant in India, the equity market closed in the red. After closing in green for three days, Sensex fell 190.97 points, 810 points below the day’s high and closed at 57,124.31. On the other hand, Nifty declined 68.85 points to close at 17,003.75, according to data on bseindia’s and nseindia’s websites. The continuous selling by Foreign Institutional Investors (FII) has been a major reason for the dampening market sentiment, according to media reports.

The indices opened in green but fell shortly after. Among the sectors, realty, power, oil and gas, banks and auto lost the most value. On the other hand, FMCG and IT companies gained the most. Reliance gained the most in the day.

In Nifty, HCL, Tech Mahindra, SBI Life and Wipro gained the most. Tech Mahindra hit intra-day high. Whereas, NTPS, Grasim, Eicher Motors were the top losers. Interestingly, Data Patterns made a strong debut today with a premium of 48 per cent.

Across whole Asia, the markets showed mixed sentiment Japan’ Nikkei and Chinese Stock Market were also trading in the red.