As COVID-19 infections spike in the country resulting in restrictions in various states and impacting the fragile recovery, many economists are expecting RBI to delay the policy normalisation move, which is expected in the February review. Omicron Spread: Economists See New COVID-19 Variant Forcing RBI To Delay Policy Normalisation.
Get latest articles and stories on Latest News at LatestLY. The third wave of the pandemic, which has seen a massive spike in infections after the more infectious Omicron variant of the coronavirus appeared, is likely to shave 40 bps off the fourth quarter GDP growth that may print in at 4.5-5 per cent, warns Icra Ratings. Latest News | Icra Says Omicron May Eat Up 40 Bps of Q4 GDP Growth.
As Sensex trades in red due to concerns over rising Omicron cases, some big questions arise. Should the investors buy the dip? Market experts weigh in.
The 30-share index was trading 704.22 points or 1.17 per cent lower at 59,280.48 in initial deals. Similarly, the Nifty fell 181.70 points or 1.02 per cent to 17,675.55.