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