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Sensex will drop more than 300 points in early trading. Nifty test 17,100

Mumbai: Equity benchmark Senssex fell more than 300 points early on Monday, with index majors Infosys, HDFC Bank and ICICI Bank amid concerns over the spread of domestic Omicron variants and weak clues from the global market. Tracked the loss.
The 30-share index was trading at 311.11 points on the first trading, or 57,385.35, down 0.54 percent. Similarly, Nifty fell 81.70 points or 0.48 percent to 17,115.
The IndusInd Bank was the top loser in the Sensex pack, down more than 2%, followed by Multi, Bajaj Finance, Bajaj Finserve, Infosys and NTPC.
Meanwhile, Tata Steel, L & T, HUL, HDFC and UltraTech Cement made a profit.
In the previous session, the 30-share equity benchmark ended at 57,696.46, down 764.83 points (1.31%), and Nifty fell 204.95 points (1.18%) to 17,196.70.
Foreign institutional investors (FII) continued to sell net in the capital markets as they sold shares worth R3,356.17 on Friday, according to exchange data.
This week, market direction may be determined by two factors. One is news about the spread of the Omicron variant of the virus, and the other is the result of a monetary policy review on Friday. Geojit Financial Services.
“The latter is unlikely to move the market, as the MPC is likely to maintain a relaxed stance on the policy rate and the status quo. The factor driving the market will be news about Omicron,” he said.
In other parts of Asia, the Hong Kong and Tokyo stock exchanges were losing money during the session, while Shanghai and Seoul were positive.
Meanwhile, Brent crude, the international oil benchmark, rose 1.99% to $ 71.27 a barrel.



Sensex will drop more than 300 points in early trading. Nifty test 17,100

Source link Sensex will drop more than 300 points in early trading. Nifty test 17,100

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