There has been a tremendous fall in the stock market on Monday, December 20. Global markets saw a sell-off amid fears of a new variant of the coronavirus, Omicron, after which benchmark indices continued to fall. The BSE Sensex had fallen up to 1,700 points by 12.50 pm. During this, the Sensex was running at the level of 55,269.50 with a fall of 1,742.24 points or 3.06%. Nifty was gaining 550.10 points or 3.24% during this period and the index was at the level of 16,435.10.
At 10.30 am, the BSE Sensex was down by 1,349.16 points or 2.37% and the index was at a level of 55,662.58. At the same time, during this time NSE Nifty was running at the level of 16,603 with a fall of 382.20 points or 2.25%.
At 9.44 in the morning, the benchmark index fell by 1,142.88 points or 2.00% directly to 55,868.86 points. On the other hand, NSE Nifty was recording a fall of 318.40 points or 1.87% during this period. The index came down to the level of 16,666.80 points. Today the market was open with a big fall.
In early trade, the Sensex was down 848.06 points at 56, 163.68, while the Nifty fell 257.85 points to 16,727.35.
Due to Omicron, sanctions are being imposed once again in European countries. There is a fear of shock to the global economy once again in the holiday season. In such a situation, the markets are continuously moving with a negative trend. Asian market was also in decline today. The crude oil market also saw a fall today. The biggest fall of four percent in the Sensex was in Bajaj Finance. Apart from this, Tata Steel, SBI, NTPC, M&M and HDFC Bank were also among the major losers. On the other hand, only Sun Pharma was in the green.
Foreign institutional investors (FIIs) sold shares worth Rs 2,069.90 crore on a gross basis on Friday, according to provisional data from the stock market. Meanwhile, international oil benchmark Brent crude fell 2.45 percent to $ 71.72 a barrel.
There was a big fall in the market on the last trading session that is last Friday also. Sensex-Nifty closed with a big fall. The Sensex closed at 57,011.74, down 889.40 points or 1.54 per cent. Similarly, the Nifty closed at 16,985.20, down 263.20 points or 1.53 per cent.
Central banks of many countries have indicated a tough stance in monetary policy, while investor sentiments have been affected due to the rapidly increasing cases of Omicron. Investors are staying away from investing in risky assets, in such a situation the market is registering a fall.