Categories: Share Market

Nifty ends below 16.7k, Sensex plunges 1,189 pts on Omicron

Market update on 20.12.2021

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NSE Nifty 50

Open 16,824.25
Prev close 16,985.20
High 16,840.10
Low 16,410.20
Close 16,614.20
Change −371.00 (2.18%) today

https://www.nseindia.com/

BSE Sensex

Open 56,517.26
Prev close 57,011.74
High 56,538.15
Low 55,132.68
Close 55,822.01
Change −1,189.73 (2.09%) today

https://www.bseindia.com/

Nifty ends below 16.7k, Sensex plunges 1,189 pts on Omicron

Markets started the week on a feeble note and shed over 2% in continuation to the prevailing corrective phase. The bias was downbeat from the beginning citing the rising COVID cases globally due to the new variant. The benchmark remained under pressure in the first half as noticeable selling was witnessed across the board. However, rebound in the select index majors pared some losses in the latter half. Finally, Nifty settled around 16,614 levels; down by 2.18%.

The 30-share pack Sensex declined 1189.73 points or 2.09 per cent to close at 55,822.01. The index at one point had hit the low of 55,132.68 before late stage recovery. Its broader peer NSE Nifty fell 371 points or 2.18 per cent to 16,614.20.

nvestors were left poorer by Rs 6.81 lakh crore as their wealth reflected by the total market cap of BSE-listed firms stood at Rs 252.55 lakh crore.

Lockdown in Europe?:

Lockdown in Europe?: The possibility of more COVID-19 restrictions being imposed ahead of the Christmas and New Year holidays loomed over several European countries as the Omicron variant spread rapidly. The Netherlands has already announced a lockdown.

Broader market

Broader market
Among the bluechip names, Cipla was the top gainer, rising 3.71 per cent. HUL and Dr Reddy’s Labs were other gainers.

BPCL was the top loser in the Nifty pack, falling 6.49 per cent. Tata Motors, Tata Steel, IndusInd Bank, Bajaj Finance, Coal India, Indian Oil, SBI, ONGC and Hindalco Industries were others that ended in the red.

Broader market indices also ended lower, underperforming their headline peers. Nifty Smallcap dropped 4.04 per cent.