Sensex, Nifty suffer losses; extends concerns over new Coronavirus strain

Sensex and Nifty, on Tuesday, suffered a loss on Tuesday extending a selloff from the previous session. These turn of events happened after a fast-spreading new strain of the Coronavirus was detected in Britain. Nifty 50 was down 0.092 per cent at 13,316.10 as of 2:28 pm while Sensex fell 0.25 per cent to 45,438.57. Both the indices rose as much as 0.80 per cent in the early trade this morning.

As the new virus strain dimmed hopes of a global economic recovery, the domestic shares tumbled by 3 per cent on Monday, breaking the gain of six straight sessions.


Airline stocks also extended losses after the government announced the suspension of all flights from the UK to the country until the end of the year. Interglobe Aviation (Indigo) fell as much as 5.44 per cent and SpiceJet slid 10 per cent.

Shares of Reliance Industries, country’s most valuable company, slipped as much as 2.64 per cent and were the top drag.

Bucking the trend, the Nifty IT index rose 1.53%, led by a 4% rise in MindTree Ltd.