New Covid variant spooks markets; Sensex ends 1,688-pts lower at 57,107

The stocks witnessed their biggest intra-day fall since April 12, 2021, and also their biggest weekly fall since January 29, 2021

Closing Bell

Fears that a new strain could fuel outbreaks in many countries, straining health systems, potentially evading vaccines and complicating efforts to reopen economies and borders, sent a wave of risk aversion across global markets Friday. CLICK HERE TO READ WHAT'S SPOOKING THE MARKETS

Falling in-line with all global peers, the BSE Sensex plunged 1,688 points, or 2.9 per cent, to end today's bloodbath at 57,107 levels. The index hit a high and low of 58,255 and 56,994, respectively.

The Nifty50, too, erased 510 points, or 2.9 per cent, to close at 17,026. During