Nifty50 Trading in Red on Friday; New ‘Alarming’ Covid-19 Strain Detected

  • Investing.com
  • Economy News
Nifty50 Trading in Red on Friday; New ‘Alarming’ Covid-19 Strain Detected
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Indian benchmark indices, BSE Sensex 30 and Nifty50 opened in red today, with Nifty50 trading 1.6% lower at 17,253, and the 30-scrip Sensex trading 1.7% lower at 9:32 am on Friday.

Stocks in Asian markets declined sharply due to concerns about growth and increasing interest rates, emerging as a result of a new Covid-19 strain detected in South Africa.

The new variant called the B.1.1529 is reported to have a significantly high number of mutations, thus leading to alarming public health implications. As a result, the Centre has tightened screening and testings for international passengers travelling/transiting from South Africa, Hong Kong and Botswana.

The Union Health Secretary Rajesh Bhushan has directed all states and union territories to send the samples of passengers turning positive, to genome sequencing labs.

Currently, a total of 10 cases of the B.1.1529 Covid-19 variant have been detected, with 6 in South Africa, 3 in Botswana, and 1 in Hong Kong.

The World Health Organization is expected to hold an emergency meeting on Friday to discuss the new strain and conduct further study on it. The UK has announced a temporary ban on flights from 6 countries.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
  • Amit Kumar @Amit Kumar
    Log mar rahe the to market badh raha tha.. Yaha pe Sirf news ne market gira diya. Sab manipulated hai
    Like 2
  • Yogesh Koundal @Yogesh Koundal
    why didn't market fall during second wave and delta strain. It is useless to make these points as a reason for sell off
    Like 1
    • Rackanth Rocky @Rackanth Rocky
      That time we vaccination so only
      Like 0
    • Rackanth Rocky @Rackanth Rocky
      That time we vaccination so only
      Like 0
    • Rackanth Rocky @Rackanth Rocky
      But now new virus detucted there is no vaccination for that
      Like 0
    • Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

      Error: File type not supported

      Drop an image here or

      100
  • Rakesh Prasad @Rakesh Prasad
    For no reason Market crashed today. WHO’s one statement triggered sell off.
    Like 3

Related Articles