The BSE Sensex Index edged lower by 0.4% towards 57,460 while the Nifty 50 Index fell 0.5% to 17,100 on Monday, amid mounting concerns over the new variant as more cases were reported in India over the weekend. India's tally of reported cases of the heavily mutated Omicron variant rose to 12 on Sunday after the state of Maharashtra said it had detected seven new cases. Investors were also on edge as the Reserve Bank of India is scheduled to announce its policy decision on Wednesday, with market expectations that the central bank will keep interest rates and easy monetary settings on hold amid economic risk from the virus. Losses in early trade were led by IndiaBulls Housing (-3.2%), Tata Motors (-1.2%), Tata Consultancy (-1.2%), Tech Mahindra (-1.7%) and Infosys Ltd (-1.5%), among others.
Historically, the India SENSEX Stock Market Index reached an all time high of 62245.43 in October of 2021. India SENSEX Stock Market Index - data, forecasts, historical chart - was last updated on December of 2021.
The India SENSEX Stock Market Index is expected to trade at 56184.81 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 51880.66 in 12 months time.