November show worst for Sensex and Nifty indices since March 2020

Volatility continued on Tuesday as indices swing 1,300 pts to end 0.4% lower

The benchmark BSE Sensex and Nifty indices fell nearly 4 per cent in November, marking their worst monthly performance since March 2020, when countries were imposing lockdowns to check the spread of the Covid-19 pandemic.

Back then, the two benchmark indices had plunged 23 per cent each.

Cut to November 2021, and the detection of the Omicron variant, believed to be more transmissible than the Delta variant, has spooked world markets again amidst talk of lockdowns in many countries.

This is only the fifth instance when the Sensex and Nifty have clocked monthly declines since the mayhem of March 2020.

Wild swings

The jitters surrounding