Indices tumble to three-month lows, down 1.6% on Omicron fears

India was the worst-performing market globally on Monday, extending its recent run of underperformance to the world markets

The domestic markets saw another big sell-off on Monday — their fourth 1.3 per cent-plus fall in the past 10 trading sessions — as the Omicron-induced volatility accelerated selling by foreign portfolio investors (FPIs).

The Sensex dropped 949 points, or 1.65 per cent, to end at 56,747, with all its 30 components ending with losses, while the Nifty declined 284 points to finish at 16,912, with only one out of the 50 components ending with gain. Both the indices finished the session at their lowest levels since August 27.

From its peak on October 18, the Nifty has plunged 8.5 per cent