Daijiworld Media Network- New Delhi
New Delhi, Jan 6: Indian benchmark indices, Sensex and Nifty, witnessed a sharp reversal on January 6, erasing early gains and plunging into the red as caution dominated ahead of the upcoming Q3 earnings season and growing concerns over the HMPV virus. A broad-based sell-off spread across all sectors, driving volatility to new highs.
The Sensex, after peaking early in the day, dropped an alarming 1,572.72 points from its highs, falling to an intraday low of 77,959.95. The BSE index was down 1,263.16 points, or 1.59%, at 77,959.95 by midday.
Similarly, the NSE Nifty slumped 403.25 points, or 1.67%, to reach an intraday low of 23,601.50, reflecting widespread investor anxiety.