Biggest drop in inventory market historical past after lockdown

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

Mumbai. After the Coronavirus 'Kovid-19' an infection elevated within the nation and as a result of lockdown in lots of states, there was a panic within the home inventory markets today and the BSE Sensex fell greater than 13 % and the National Stock Exchange's Nifty recorded a decline of over 11 %. Closed 14.14 lakh crores of traders.
The Sensex, which closed at 29,9915.96 on the earlier buying and selling day, opened in a fall of two,307.16 factors and broke 10 per cent until 9.57 am. As quickly because the ten % was damaged, a decrease circuit was put up out there and the business was halted for 45 minutes. At that point, the Sensex was at 26,924.11 and the Nifty was at 7,903. This is the second time inside 10 days that the inventory market has been hit by a decrease circuit. <! –

                 Earlier on March 13, a decrease circuit was additionally put in place. On the resumption of buying and selling, the market noticed some instant enchancment. The Sensex rose to 27,900.83 factors and the Nifty reached 8,159.25 factors. But after this, promoting once more elevated.
The Sensex ended 3,934.72 factors, or 13.15 per cent, down at 25,981.24 factors on the finish of buying and selling. This is the bottom stage since 26 December 2016. The Nifty lastly closed at 7,731.25, a decline of 1,014.20 factors, or 11.60 %, the bottom stage since May 23, 2016. This is the primary time each main indices have damaged greater than 10 %. The greatest fall within the inventory market was seen on March 12 this yr when the Sensex broke 8.18 % (2,919.26 factors) and the Nifty 8.30 % (868.25 factors). Today's low of the Sensex was 25,880.83 factors and the Nifty's low was 7,583.60 factors.
Today, traders misplaced Rs 14,22,207.01 crore within the inventory market and the market capitalization of BSE declined to Rs 1,01,86,936.28 crore.

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