New Delhi: In the UK, the news of the new Strain of Coronavirus created a major impact on the Indian stock markets. Indian stock markets fell and opened this morning. There was some recovery in the afternoon session after 2.30 pm in the afternoon, and finally, the Bombay Stock Exchange (BSE) Sensitive Index Sensex (Sensex) lost 1406.73 points, or 3 percent, to close at 45,553.96. Due to this, 7 lakh crores of investors were drowned today.
The Nifty of the National Stock Exchange (NSE) also fell by 432.15 points, or 3.14 per cent, to close at 13,328.40. At one time, Profit Booking in the stock markets increased so much pressure that the Sensex had fallen more than 2000 points to 44,923 points, while the Nifty had lost about 500 points to reach 13,131.45.
Sensex once crossed the highest level of 47000
On the first trading day of the week ie Monday morning at 09:25, the Indian markets started weakly amid mixed signals at the international level. The Sensex fell by 180 points, or 0.38 per cent, to around 46,780 and the Nifty fell by 58 points or 0.43 per cent to 13,702. After this, the market saw a boom and at around 10:30 in the morning, the SENSEX set a new record and crossed the highest level of 47,000. During this time, the Nifty was also moving at a record level. The market was benefiting from the boom in Larsen and Toubro, Reliance and Infosys.
Reliance shares remain top gainer amid profit-booking
After this, there was a sharp decline in Tata Motors and its stock fell by 2 percent to become the top loser at that time. Then profit booking came to dominate in Tata Steel. However, due to the commencement of gas production in KG Cluster’s R Cluster, Reliance was seen buying heavily. Its shares reached a one-week high. The phase of the upsurge continued and L&T rose again and it recorded a rise of around 3.5%, touching the highest level since February 2020. After this, pressure from ICICI Bank, HDFC on upper levels increased around 1.15 pm. Nifty Bank, Midcap Index started beating.
Profit booking and the stock market plummeted in such a way
The decline deepened in the market in the next half hour. Nifty Bank started selling heavily and broke 500 points. Private banks also started beating heavily. Not only this, but midcap stocks also started sliding. Profit booking in auto, metal stocks in midcap has increased. However, buying continued in midcap IT and pharma stocks. Explain that before this, the stock markets had touched record highs for 6 consecutive days. After this, the market kept breaking and the bank Nifty slipped more than 600 points. In this, ICICI BANK, HDFC TWINS and AXIS BANK were seen under the most pressure.
BSE’s market capitalization reduced by Rs 70 trillion
L&T once again declined and after 2 pm its shares were down by 6% from the upper levels. From 2.15 to 2.45 in the afternoon, the market declined. The market reached the day’s low. All 12 stocks of Bank Nifty declined. The BSE saw a fall in all sector indices. 30 stocks of the Sensex were trading in the red mark. Government oil company ONGC saw a decline of about 8.8 percent. Apart from this, IndusInd Bank, SBI, NTPC, ITC, ICICI Bank, Sun Pharma, TCS all stocks are trading with great decline. Today, there was a loss of over Rs 70 trillion in market capitalization of BSE.
