11 lakh crore rupees misplaced to traders as Sensex and Nifty roll down

by Jeremy Spirogis
India's cleanest city for 4th consecutive time

New Delhi. The WHO has formally declared coronavirus an epidemic. This has created a situation of journey ban on the world stage. Also, the monetary and commodity markets have additionally suffered a setback. US President Donald Trump's much-anticipated speech on the Oval Office couldn’t handle investor issues. US inventory futures declined four p.c on Thursday. If you have a look at the Indian inventory market, then Thursday was the worst day in historical past for this. Sensex dipped to 2700 factors. The Nifty additionally fell by greater than 760 factors. This has led to a fall within the wealth of traders by Rs 10.98 lakh crore.

How has the inventory market been doing

Let us know that on January 20, the Sensex climbed to the best stage of 42,273 factors. <! –

                 But in lower than 2 months it got here to Rs 33,283. That is, the Sensex has misplaced 9000 factors or about 21 per cent. Today, the Nifty has come right down to 7.1 per cent, which is the most important decline since October 2012. Bank Nifty has additionally fallen by 7.50 p.c. The dangerous factor is that the Nifty has fallen 20 p.c under its highest stage and has come into Bear Market. When the market falls greater than 20 p.c from the height, it’s thought-about because the bear market.

Which shares have the worst impact

For data, tell us that as a consequence of coronavirus, shares of airline corporations have fallen essentially the most. Because the declaration of coronavirus epidemic will forestall folks from touring, which is able to scale back the earnings of those corporations. Interglobe Aviation declined by 10 per cent and SpiceJet by 18.80 per cent.

Sensex's high 10 fall

-Sensex closed down 1941.67 factors on 9 March 2020

-Sensex closed down 1624.51 factors on 24 August 2015

-Sensex closed down 1448.37 factors on 28 February 2020

-Sensex closed down 1408.35 factors on 21 January 2008

-Sensex closed down 1070.63 factors on 24 October 2008

– Sensex closed down 987.96 factors on February 1, 2020

-Sensex closed down 951.03 factors on March 17, 2008

On March 3, 2008, the Sensex closed down 900.84 factors.

On 6 March 2020, the Sensex closed down 893.99 factors.

-Sensex closed 875.41 factors on 22 January 2008

5 greatest causes for the decline in inventory market historical past

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