Indian stock markets decrease for the second continuous day, with the benchmark indices declining over 1.5 per cent each as investors are concerned about the new Omicron variant of Covid-19. India reported cases of the Omicron coronavirus variant increased to 12 on Sunday and 21 by Monday morning in Maharashtra, Rajasthan, Pune, etc.

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The Sensex shrank 949.32 points or 1.65 per cent to close at 56,747.14, and Nifty was declined by 284.40 points or 1.65 per cent to 16,912.30. All Nifty50 stocks ended in the red line, like Coal India, IndusInd Bank, Bajaj Finserv and HCL Technologies dropping the most. The IT index fell more than 2 per cent, while other areas lost 1 per cent each.