Market panicked by new variant of Corona: Sensex fell 1488 points during trading so far, Nifty also fell by more than 448 points

BSE Sensex is currently trading with a fall of more than 1160 points. In the morning, BSE opened at 58,254.79 with a fall of 540.3 points. At the same time, during the trading so far, it fell by 1,488.01 points. On the other hand, Nifty has also seen a decline of 448.05 points so far. According to experts, the recovery of the economy may be affected by the new variant of covid-19. Due to this fear, there is panic among investors and such a fall is being seen.

Right now BSE Sensex is trading down 1277.25 points or 2.17% at 57,517.84 points and Nifty is down 391.60 points or 2.23% at 17,144.65 points. Apart from pharma, all other sectoral indices declined. The biggest decline is being seen in realty, media and banking stocks.

29 out of 30 stocks of Sensex are in red mark. Only Dr. Reddy's is among the top gainers. The biggest decline is being seen in the stocks of Bajaj Finserv, Bajaj Finance, Maruti.A new variant of the corona virus has been found in South Africa. After the variant came to the fore, the Health Secretary to the Government of India has issued instructions that all international travelers coming to India should be intensively tested for corona.

According to data available with the NSE, foreign portfolio investors (FPIs) have sold Rs 2,300.65 crore in domestic stocks. This selling is more than buying by Domestic Institutional Investors (DIIs). The sell-off has also dampened investor enthusiasm.