Indices snap two-day winning streak amid profit-booking, Omicron scare

Going forward, analysts said investors should be cautious due to Omicron and interest-rate concerns

The benchmark indices ended a volatile session on Wednesday lower, snapping their two-day gaining streak due to a mix of profit-booking and Omicron concerns. The benchmark Sensex ended Wednesday's session at 57,806.5 - a decline of 91 points, or 0.2 per cent. The Nifty, on the other hand, ended the session at 17,213.6 - a decline of 19 points, or 0.1 per cent.

India's overall tally of Omicron cases rose to 781 on Wednesday. On Wednesday, the World Health Organization said Omicron poses a "very high" risk and could strain health care systems. The new variant led to record outbreaks in