Share Market Highlights: Sensex ends deep in red, nosedives 1406 points, Nifty closes at 13,328; ONGC tanks 9%

According to Vishal Wagh, a host of factors led to a 1,800-point fall in the S&P BSE Sensex in the afternoon deals on Monday. In today’s session, European stock markets opened with sharp cuts after the new strains of the coronavirus reported in UK. Following this, many European countries have temporarily banned flights from the UK. Apart from this, Wagh, added that this correction was overdue in the market and was trying to find a reason which now it has found. Today’s fall, according to him, is merely profit booking ahead of the new year as there’s a common saying ‘Sell in December and go on holiday’.: Vishal Wagh, Head of Research, Bonanza Portfolio Ltd

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