India’s equity benchmark has suffered the worst day’s decline with weak global cues since Friday, April 12, after investors’ sentiment was depressed by the detection of a new, perhaps vaccine-resistant coronavirus variant. I did. The Sensex fell by 1,801 points or 3%, and the Nifty 50 Index temporarily fell below its key psychological level of 17,000, reaching a daytime low of 16,985.Both benchmarks fell to the lowest level in 3 months
The Sensex fell 1,688 points (2.87%) to close at 57,107, and the Nifty 50 Index fell 510 points (2.9%) to close at 17,026.
Global stocks fell and oil fell below $ 80 a barrel on Friday after news of potentially vaccine-resistant coronavirus variants sent investors to the security of bonds, yen and Swiss francs in a hurry. rice field.
European stocks plunged 2.7% on the worst day since September 2020, with travel and leisure stocks hit particularly hard.
Germany’s DAX fell 3% and the UK’s FTSE 100 fell 2.7% to its lowest in more than a month.
Little is known about the mutants detected in South Africa, Botswana, and Hong Kong, but scientists say there is an unusual combination of mutations that can avoid an immune response and are more likely to be transmitted. Says.
“With the advent of the new highly mutated Covid-19 variant, the stock market has plummeted by almost 2%. The EU has announced a temporary ban on flights from South Africa, and EU countries are already in a complete blockade scenario. Therefore, this new variant could spread to other countries and upset the global economy again. It is already uncertain when the EU will start raising interest rates. Therefore, the market is under pressure. We will continue to receive and actively track Covid’s situation globally. ” A solid moral Oswar said in a statement.