News > Omicron Concerns: Sensex falls over 1,600 pts; financial stocks plunge

Omicron Concerns: Sensex falls over 1,600 pts; financial stocks plunge

Continuous FIIs’ selling along with caution over the rising Omicron variant cases triggered a massive slide in key domestic equity indices on Monday’s post-noon trade session. Notably, India VIX spiked to its nine days high levels and signified the dominance of the bears in the market.

Consequently, at 12.45 p.m., the S&P BSE Sensex declined by 1,601.35 points or 2.81 percent to 55,410.39 points. Similarly, NSE Nifty50 fell by 527.25 points or 3.10 percent to 16,457.95 points.