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Friday, November 26, 2021

Sensex plunges 1,688 points as new virus variant spooks global markets

A new variant of Covid-19 virus, first found in Botswana which can possibly resist available vaccines, pushed global investors onto the backfoot, that in turn led to a sell-off in risky assets. As a result, investors on Dalal Street too pressed the panic button, leading to a 1,688-point slide in the sensex — the biggest single-session loss in over seven months — which closed at 57,107. In late trades, the index had even entered the sub-57k mark, its first foray in that territory in 3 months.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3CXvg9s

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