Worst Day In 7 Months: Sensex, Nifty Tumble As Mutant Virus Spooks Global Markets

A mutant strain of COVID-19 not only strained the transport links to the UK but also spooked global investors, plunging India's stock markets deep into the red on Monday. Resultantly, India's equity benchmark indices fell the hardest in seven months.

In terms of intra-day, the Nifty50 touched a low of 13,131.45 points while Sensex plunged to 44,923.08 points.

Globally, investors were spooked at the prospects of economic damage unleashed by a new and more contagious COVID-19 strain discovered in the UK.

At the end of the day's trade, the Sensex plunged to 45,553.96 points, down 1,406.73 points or 3 per cent from its previous close.

Similarly, Nifty50 fell to 13,328.40 points, down 432.15 or 3.14 per cent from its previous close.