Market Live Updates: Sensex surges over 600 factors in early offers, Nifty inches shut 17,200-mark

Equity indices surrendered early positive factors to shut within the pink on Tuesday, mirroring the nervousness in world markets in regards to the affect of the Omicron variant of the coronavirus on international financial restoration. A depreciating rupee and unabated international fund outflows additional weighed on sentiment, merchants mentioned.
After rallying over 900 factors in intra-day commerce, the 30-share BSE Sensex pared all positive factors to settle 195.71 factors or 0.34 per cent decrease at 57,064.87. Similarly, the NSE Nifty declined 70.75 factors or 0.41 per cent to 16,983.20 — closing under the 17,000-mark for the primary time in three months.