Monday mayhem on D-Street: Sensex falls 1,190 points, Nifty ends at 16,614

Investor wealth to the tune of Rs 6.8 trillion was wiped in Monday's mayhem on the D-Street

The Indian benchmark indices plunged on Monday as rising Covid cases due to the Omicron variant triggered a global sell-off in equities. 

The Sensex fell 1189 points and ended the session at 55,822, a decline of 2.09 per cent – the sharpest since November 26, 2021. This is the lowest closing for the 30-share index since August 23 this year.

The Nifty50, on the other hand, tumbled 371 points to end the session at 16,614, a decline of 2.2 per cent. While the US markets opened weak, major European and Asian markets ended the session with big losses.

Investor wealth to the tune