Sensex, Nifty fall sharply on fears over new coronavirus variant

Indian shares dropped more than 1% on Friday, with losses seen across sectors, as investors fled risky assets after a new and possibly vaccine-resistant coronavirus variant was detected in South Africa. The blue-chip NSE Nifty 50 index was down 1.43% at 17,284.75 by 9:19 am, while the benchmark S&P BSE Sensex fell…