Sensex plunges 1,688 pts as new virus variant spooks global markets

A new variant of Covid-19 virus, first found in Botswana which can possibly resist available vaccines, pushed global investors onto the backfoot, that in turn led to a sell-off in risky assets. As a result, investors on Dalal Street too pressed the panic button, leading to a 1,688-point slide in the sensex — the biggest single-session loss in over seven months — which closed at 57,107. In late trades, the index had even entered the sub-57k mark, its first foray in that territory in 3 months.

from Times of India https://ift.tt/3CXvg9s