New Coronovirus variant wreaked havoc on the global stock markets on Friday including India.
Meanwhile, BSE Sensex ended at 57,107, lower by 1687 points of 2.9 per cent from the Thursday closing levels.
When it appeared that the December series could see an optimistic beginning, the new coronavirus variant came as a shocker.
It is for the first time since 30 August that the Nifty has dropped below 17,00 levels, the Managing Editor said.
As for Nifty Bank, the immediate support is around levels of 36,000.