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New coronavirus strain infects global markets; Sensex, Nifty fall over 3%

Monday's fall saw investor wealth shrink by Rs 6.6 trillion, based on the market capitalisation of all listed companies on the BSE

markets, stock market, sensex, correction, nifty, shares, growth, profit, economy, gain
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Analysts said the mutant strain of the virus was worrying investors who were counting on the roll-out of the vaccine, and raised concerns on whether the spread of the pandemic would be brought under control in the near future

Sundar Sethuraman Thiruvananthapuram
Global stocks tumbled on Monday amid panic selling as a new strain of coronavirus emerging from the UK led to fresh travel restrictions, casting a cloud over the prospects of economic recovery.     

The Sensex plunged 1,407 points, or 3 per cent, to end at 45,554 in its biggest fall in percentage terms since April, while the Nifty dropped 432 points, or 3.14 per cent, to end the session at 13,328. Monday's fall saw investor wealth shrink by Rs 6.6 trillion, based on the market capitalisation of all listed companies on the BSE.

The new strain of the virus forced the

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First Published: Dec 22 2020 | 1:24 AM IST

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