Skip to content

NOOBFEEDS

Tech for innovators.

Menu
  • Finance
  • New In Tech
  • Tech for Innovators
  • Business
  • About
  • Stocks Tips & Recommendations
Menu

Corona havoc on the stock market, Sensex reaches below 49800, Nifty also explode

Posted on February 22, 2021February 22, 2021 by Nidhi Malviya

Today, on the first trading day of the week i.e. Monday, the rising cases of Corona raised the concern of investors, due to which the stock market saw a huge decline. The Bombay Stock Exchange’s flagship index Sensex closed down 1145.44 points (2.25 per cent) at 49744.32. On the other hand, the National Stock Exchange’s Nifty closed at the level of 14675.70, down by 306.05 points, or 2.04 per cent.

Investors are worried about rising corona virus cases in the country, which led to all-round selling in the market. Cases are increasing continuously in 16 states of the country including Maharashtra and Kerala. The decline in global markets also had an impact on the domestic market. Europe’s stock market fell heavily. This includes the UK’s FTSE index, France’s CAC and Germany’s DAX. It has fallen by more than one per cent. The Sensex-Nifty also closed at the red mark due to the steep fall in major stocks of the domestic market.

Such was the situation of veteran shares
Talking about the big stocks, today Tata Steel, Grasim, Hindalco, JSW Steel and Adani Ports closed on the green mark. Eicher Motors, M&M, Tech Mahindra, Doctor Reddy and Axis Bank shares closed at the red mark.

Sectoral index tracking
If we look at the sectoral index, today all the sectors except metal closed on the red mark. These include PSU Bank, IT, Auto, Media, Realty, Pharma, FMCG, Banks, Finance Services and Private Banks.

Day-long decline
The Sensex opened 15.78 points (0.03 per cent) higher at 50905.54 in early trade. At the same time, the Nifty opened at 14,999.05, up 17.30 points or 0.12 percent. After this the market fell strongly. The Sensex was down 1024 points at 49865.38 and the Nifty at 14705.75 at 1.59 pm.

The market was closed on Friday on heavy downfall
The Sensex was down 434.93 points (0.85 per cent) at 50889.76. The Nifty closed at 14981.75, down 137.20 points, or 0.91 per cent.

Nidhi Malviya

Nidhi Malviya is fun loving girl. She writes at NoobFeeds about various topics related to Finance, Technology, Business etc.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *




  • Documents required for home loans (Complete list here)
  • Binance crypto TradingBinance: You Are 3 Steps Away from Crypto Trading
  • PAN cardAfter marriage, surname change has to be done in PAN card, in this way update name follow this easy process
  • Unemployed are getting a government job in lieu of an application of Rs 1280! Know the truth of this news
  • LIC IPOLIC IPO Update: LIC appoints Sunil Agarwal of Reliance Nippon Life Insurance as CFO before launching IPO

Looking For Something

Let’s Connect

  • Instagram
  • Twitter
  • Facebook

Navigate

  • ABOUT
  • Privacy Policy
  • Contact Us

Pages

  • ABOUT
  • Contact Us
  • Our team
  • Privacy Policy
  • Stocks Tips & Recommendations
  • Terms Of Service