Indices extend gains for third day as Omicron variant worries recede

The benchmark indices extended their gains for the third consecutive session amid easing Omicron concerns. In the last three sessions, the benchmark Sensex gained 1,493 points and recovered its losses on Monday. The Sensex ended the day’s session at 57,315.28, a gain of 384.72 points, or 0.7 per cent. The Nifty, on the other hand, ended the session at 17,072.60, a gain of 117.15 points, or 0.7 per cent.

Two studies showed that Omicron’s hospitalisation risk is less than the Delta variant. A study from Scotland found that the risk of hospitalisation from Omicron is two-thirds lesser than the