Stock market update: Sensex sheds 950 pts, Nifty ends below 17,000

Mumbai: 

Sensex and Nifty ended more than 1.65 per cent down on Monday. Surge in Omicron variant of coronavirus continue to dampen investors’ sentiments. Nifty50 ended below 17,000-mark, while BSE Sensex was down almost 950 points.

BSE Sensex ended 949.32 points or 1.65 per cent down and ended at 56,747.14. Meanwhile, Nifty ended day’s trade at 16,912.25 down 1.65 per cent or 284.45 points.

All investors are cautious ahead of the crucial Reserve Bank of India (RBI) monetory policy announcement on Wednesday.

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Investors are also keeping a keen watch on the data of Index of Industrial Productions (IIP) which is set to be released on December 8 and 10. 

Except UPL, all other stocks under Nifty50 ended in the red. Top Nifty losers include – Coal India, IndusInd Bank, Tata Consumer Products, Bajaj Finserv and HCL Technologies. 

IT index fell over 2 per cent, while other sectors shed a per cent each. 

Meanwhile, rupee slumped 30 paise to close at 75.42 (provisional) against US dollar.

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