Sensex Down 1200 Points, Nearly 10% From October All Time High

Markets closed in the red today, with Sensex falling 1190 points (2.09%) and NIFTY 371 points (2.18%)

Sensex closed at 55,822 points, and NIFTY at 16,614 points

Only Cipla, HUL and Dr. Reddy's gained on the NIFTY. BPCL and Tata Steel fell 6.42% and 5.22% respectively

At current levels, Sensex is down nearly 10.3% from its October high of 62,245, and NIFTY 10.6% lower than 18,604 in October

Markets have reacted to the rising cases of COVID-19 globally, and the spread of the omicron variant

Markets also expect tighter money in the future as a response to rising inflation

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