Sensex crashes above 1,300 points, Nifty50 near 17,100 as Covid Variant Spooks Market; Pharma Stocks Buck The Trend

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: Indian stock benchmarks Sensex and Nifty50 suffered heavy losses on Friday, tracking a divestment across global markets due to concerns about a new COVID variant. With the exception of pharmaceutical stocks, all sectors were deeply in the red. The broader markets also fell, with midcap and smallcap indices falling by about two per cent each. Tarsons Products made a strong debut on the stock exchanges, with shares increasing gains after listing at a premium above the issue price.

First published: IS

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