Benchmark indices blindside Omicron variant: Go from red to green

Despite opening the session in red, the benchmark indices ended the session higher as traders looked past the Omicron concerns and latched on to hopes of US stimulus and vaccine efficacy against the new coronavirus variant. The benchmark Sensex ended the session at 57,420 — a gain of 296 points, or 0.5 per cent. The Nifty, on the other hand, ended the session at 17,086 — a gain of 82 points, or 0.5 per cent.  

The Sensex swung 969 points from the day’s lows to highs. But the indices were on the winning side for most of the day. The