Monday Blues Bring Massive Sell Off | India Development Debate

Market Talk
December 23, 2021
Wall Street opens higher, stimulated by rather positive indicators
December 23, 2021

Monday Blues Bring Massive Sell Off | India Development Debate

World markets took a nosedive and Investors felt the Monday Blues, with many countries looking to impose fresh restrictions amidst the growing uncertainty surrounding the new omicron variant. In India, it was a blood bath on Dalal Street. Benchmark indices ended lower for the second consecutive session. The Sensex shed over 1,100 points, while the Nifty too took it on the chin. This mainly after WHO’s comments over the weekend which stated that the new variant was doubling every 1.5 to 3 days in areas with community transmission. Markets around the world bled amid omicron fears and the U.S Fed’s impending taper set to begin next year. On this episode of the India Development Debate, Tamanna Inamdar discusses how investors should navigate the choppy waters with Peter Cardillo, Chief Market Economist at Spartan Capital Securities, and Market Expert Ajay Bagga.