Corona seems to be dominating the stock market on the first trading day of the week i.e. Monday’s opening session. The BSE Sensex is witnessing a decline of 392 points at 10.40 am and is trading at the level of 48390. At the same time, the NSE Nifty is also down by 100 points and appears to be trading at the level of 14531.
In the decline of the market, heavy stocks are also falling. Shares like Reliance Industries are down by 2.36 per cent. So at the same time, shares of State Bank of India, the country’s largest government bank, are also seen trading at a decline of around 1.00 percent.
600 points drop in early trade
The major stock index Sensex fell by over 600 points in early trade on Monday due to a negative trend in Asian markets and a fall in large stocks such as Reliance Industries, HDFC and ICICI Bank. The 30-share BSE index fell 607.32 points or 1.24 percent to 48,175.04 during this period. Similarly, the broader NSE Nifty fell by 152.45 points or 1.04 percent to 14,478.65.
These stocks fluctuate
Titan fell the most by three percent in the Sensex. Apart from this, SBI, ONGC, Reliance Industries, Axis Bank, HDFC Bank, ICICI Bank, HDFC and Bajaj Finance were also trading in red mark. On the other hand M&M, Bajaj Auto, Maruti, HUL, IndusInd Bank and Nestle India were in profit.
There was a heavy fall on Friday
The Sensex lost 983.58 points or 1.98 percent to close at 48,782.36 and the Nifty fell 263.80 points or 1.77 percent to 14,631.10 in the previous session. Foreign institutional investors (FIIs) sold shares worth Rs 3,465.07 crore on a gross basis on Friday, according to provisional data of the stock market. In fact, the impact of Corona’s rising havoc, quarterly results and selling by foreign investors is visible on the Indian stock market. Experts are assuming that the movement of the Indian stock market will depend on these important things in the coming days.
(With language input)
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