Nifty, Sensex Crash on Fresh Corona Virus Mutant Strain Fears Moneylife Digital Team / IANS 1 We had mentioned in the previous week’s closing report that Nifty, Sensex continue to cruise higher. On Monday, the major indices crashed on concerns over a new strain of the Covid-19 virus in the United Kingdom leading to fresh restrictions in European countries which spooked global investors, plunging India's stock markets deep into the red. India's equity benchmark indices fell the hardest in seven months. On the NSE, there were 254 advances, 1,687 declines and 299 unchanged.
The broad sell offs which come in the wake of fresh lockdowns in the UK to curb the spread of a new strain of coronavirus, hit investor sentiment. Investors lost Rs7 lakh crore and 500 stocks hit lower circuit today as market participants preferred to book profits, amid weak global cues. Market-capitalisation of BSE-listed firms tanked to Rs178 lakh crore from Rs185 lakh crore on Friday.