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)