Sensex shed 1,316pts from day's high, ends 196pts down; Nifty gives up 17k

The broader markets outperformed and managed to end with gains despite the selling pressure in frontline stocks. Debutant Go Fashion ended with a spectacular 81 per cent gain

Closing Bell

The key benchmark indices, reversed course in intra-day deals as global cues turned bearish after US pharma major Moderna warned that Covid-19 shots seemed less effective against Omicorn. The Dow Jones futures tumbled 1.4 per cent (497 points) and Nasdaq futures were down 90 points as of 03:20 PM IST.

Elsewhere, the key European markets - the FTSE 100, DAX 30 and CAC 40 declined 1.3 per cent each. Taking cues from the same, the BSE Sensex which had rallied to a high of 58,184 (up 923 points at the day's high), tumbled to a low