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Asian Markets Rolled Out on Omicron Fears; Sensex-Nifty also in red mark, auto shares fell

Asian Markets Rolled Out on Omicron Fears; Sensex-Nifty also in red mark, auto shares fell

Fall in the stock market, Asian markets also fell. (symbolic picture)

New Delhi:

coronavirus new of Variant Omicron On December 6, 2021, it has spread to 38 countries. So far there has been no news of death from this variant, but scientists are still trying to find out how contagious this variant is and how much protection the already existing vaccine gives against it. But due to this variant, fear has spread in the market. On Monday, Asian markets saw a decline from this end to that end. Behind this is also worrying US job data.

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Meanwhile, the market is looking flat on Monday in the domestic market. Both the benchmark indices have opened with a slight decline. At 09:17 in the morning, the Sensex was down by 83.99 points or 0.15%, the index was at the level of 57,612.47. Nifty was down by 28.10 points or 0.16% at the level of 17,168.60.

Nifty Partech Mahindra, SBI Life Insurance, HDFC, Britannia Industries and Hindalco Industries rose in the opening and big stocks like Coal India, Maruti Suzuki, Infosys fell.

Selling pressure was seen in 12 sectors on NSE. The auto index fell by more than 1 per cent. Nifty Bank, Financial, IT, Pharma, PSU Bank, Private Bank and Oil & Gas indices also fell 0.5-1 per cent each. Buying was seen in metal, real estate and consumer durables.

Asian markets fall

On Monday, the Tokyo, Seoul and Australian indices declined. Hong Kong’s Hong Seng was also down in the market around 7.50 am Indian time. Japan’s Nikkei fell 0.60 percent and was at the level of 27,861.71. Hong Seng fell 0.72 percent to 23,594.66.

Let us tell you that due to Omicron, concerns have started emerging once again on the global recovery. The governments of many countries have again started resorting to sanctions, in such a situation it is believed that this will once again push the recovery in the economies. International Monetary Fund Kristalina Georgieva has also warned that the new variant could slow down the global recovery.

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