Sensex crashes 765 pts, Nifty 205
   Date :04-Dec-2021

Sensex crashes_1 &nb
 
 
DOMESTIC markets lurched lower on Friday after India reported its first case of the Omicron variant of the coronavirus, prompting investors to dial back risk exposure.
Snapping its two-session rally, the 30-share BSE Sensex nosedived 764.83 points or 1.31 per cent to end at 57,696.46.
Similarly, the broader NSE Nifty tanked 204.95 points or 1.18 per cent to 17,196.70.
PowerGrid was the top loser in the Sensex pack, shedding 4.03 per cent, followed by Reliance Industries, Kotak Bank, Asian Paints, Bharti Airtel, Tech Mahindra and Maruti.
Only four index components finished in the green -- L&T, IndusInd Bank, Tata Steel and UltraTech Cement, rising up to 0.72 per cent.
During the week, the Sensex rose 589.31 points or 1.03 per cent, while the Nifty advanced 170.25 points or 0.99 per cent.
Sectorally, BSE energy, FMCG, bankex, finance and healthcare indices fell up to 2.30 per cent on Friday, while capital goods, industrials and basic materials ended with gains.
Broader BSE midcap index ended flat, while the smallcap gauge settled on a positive note.
Global equities rebounded from the Omicron-triggered sell-off, even as Chinese ride hailing giant Didi announcing its delisting in New York ratcheted up fears of fresh US-China tensions.
Elsewhere in Asia, bourses in Shanghai, Seoul and Tokyo ended with gains, while Hong Kong was in the red.
Stock exchanges in Europe were trading on a positive note in mid-session deals.
Meanwhile, international oil benchmark Brent crude surged 2.38 per cent to USD 71.32 per barrel.
The rupee slipped 14 paise to close at 75.16 (provisional) against the US dollar, tracking the massive sell-off in domestic equities.
Continuing their selling spree, foreign institutional investors offloaded shares worth a net Rs 909.71 crore on Thursday, as per exchange data.