Mumbai: The Sensex and Nifty on Monday started the day's trade in the red amid fear of spread of the new COVID-19 variant Omicron. Investors are apprehensive about the economy of the developed nations and tightening plans of a few central banks.
At 11:20 IST, BSE Sensex was trading at 57,526.45, up 419.30 points or 0.73 percent. The Nifty50 was up 105.65 points of 0.62 per cent at 17,132.10.
Sensex opened 300 points down today, while Nifty opened at 16,850.
Mere six of the 30 Sensex stocks opened in green on Monday, while others were trading down taking cues from the global markets.
On Friday, stocks in the country tumbled almost 3 per cent to close at a three-month low, tracking Asian markets, as investors remain wary over reports of a new and possibly vaccine-resistant coronavirus variant.
In the U.S., Wall Street indices fell sharply on Black Friday as a new COVID-19 variant found in South Africa triggered a global shift away from risk assets. The Dow Jones Industrial Average fell over 1,000 points at its session low and ended down 905 points or 2.5 per cent, for its biggest one-day percentage price and percentage drop of 2021. The Nasdaq Composite dwindled 2.2 per cent.
The Hang Seng and the Shanghai Composite were trading 0.6 per cent and 0.1 per cent down respectively. The Nikkei was down 0.5 per cent.