Outcry within the inventory market, traders drowned Rs 11.42 lakh crore

by Jeremy Spirogis
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New Delhi. Selling of coronavirus, crude oil and heavyweights has damaged the again of the inventory market. The inventory markets globally have worsened after the WHO declared coronavirus an epidemic. Meanwhile, the situation of the Indian inventory market additionally worsened on Thursday. The largest drop in historical past was recorded in SENSEX. Sensex has reached the extent of 2017, whereas Nifty has additionally reached beneath 9600. Due to this decline, 11.42 crores of traders sank in simply at some point. Among them, Mukesh Ambani's Rs 1.11 lakh crore was drowned as a result of steep decline in Reliance Industries.

5 largest causes for the decline in inventory market historical past

Millions of rupees of firms sunk

According to the info, the whole market capital of BSE firms fell by Rs 11.42 lakh crore to Rs 126 lakh crore. This could be very near the 2017 figures. <! –

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                 As on 30 June 2017, the market capital of all of the listed firms of BSE was Rs 125.96 lakh crore. As far because the Sensex is worried, it closed 2919.26 or 8.18 per cent at 32,778.14 after opening at 34,472.50 in opposition to the earlier closing stage of 35,697.40. The NSE Nifty opened at 10,039.95 within the morning in opposition to 10,458.40, ending 868.25 factors or 8.30 per cent down at 9,590.15.

All shares of Sensex and Nifty fell

Today, the 30-share Sensex closed down 30% as a result of all-round sell-off within the inventory market. At the identical time, 50 shares of Nifty additionally declined. Among main Sensex shares, SBI declined essentially the most by 13.23 per cent. In addition, ONGC misplaced 12.63 per cent, Axis Bank 12.27 per cent, ITC 11.07 per cent, TCS 9.45 per cent and Titan misplaced 9.31 per cent.

Sensex's prime 10 fall

-Sensex closed down 2919.26 factors on March 12, 2020
-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.

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