Sensex down nearly 1,800 points, Nifty below 16,500 amid weak global cues, Business & Economy News

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The benchmark equity indices on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) extended their losses on Monday afternoon, trading nearly 3% lower, following the lead of their worldwide peers, which fell as raging global Omicron infections threatened to disrupt economic recovery.

At 1:05 p.m., the S&P BSE Sensex was down 1,793.76 points (3.15%) to 55,217.98, while the Nifty 50 was down 550.35 points (3.24%) to 16,434.85.

The entire Sensex index was trading in a sea of red.

Some of the largest laggards in the afternoon session of trade were Bajaj Finance, Tata Steel, IndusInd Bank, State Bank of India (SBI), NTPC, Bajaj Finserv, Mahindra & Mahindra (M & M), Larsen & Toubro (L &T), and Kotak Mahindra Bank. 

(With inputs from agencies)

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