Sensex plunges 800 points, astute below 17,300 on weak global indices

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Indian stock indices plunged on Friday, with the benchmark S&P BSE Sensex falling more than 800 points and the Nifty 50 index falling below its psychologically significant level of 17,300. Reliance Industries, HDFC, HDFC Bank, ICICI Bank , Kotak Mahindra Bank, Infosys and State Bank of India were among the main obstacles to Sensex. Meanwhile, Asian stocks suffered their biggest drop in two months on Friday after the detection of a new, possibly vaccine-resistant variant of the coronavirus that prompted investors to rush to the safety of bonds, the yen and the dollar. . The MSCI’s largest Asia-Pacific stock index outside of Japan fell 1.3 percent, its biggest drop since September. Casino and beverage stocks were sold in Hong Kong, and travel stocks fell in Sydney.

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Japan’s Nikkei slipped 2.5% and US crude oil futures also fell nearly 2% on new demand fears.

As of 9:24 a.m., the Sensex was down 844 points to 57,951 and the Nifty 50 Index fell 251 points or 1.43% to 17,284.

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