The new Coronovirus variant wreaked havoc on the global stock markets on Friday including India. The domestic markets closed at their three months low levels. Nifty50, fell by over 509 points or 2.9 per cent to end at 17,026. Meanwhile, BSE Sensex ended at 57,107, lower by 1687 points of 2.9 per cent from the Thursday closing levels.

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Nifty Bank also registered a 1339 points correction to close at 36025.

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His advice to traders is to remain vigilant and maintain fewer positions.