Today, the fourth day of the week, the stock market closed with a big fall on Thursday. The BSE Sensex closed down 740.19 points, or 1.51 per cent, at 48,440.12. At the same time, the Nifty fell 224.50 points, or 1.54 per cent, to close at 14,324.90. The impact of Corona’s increasing cases is visible on the stock market. BSE SENSEX 26 stocks closed with a red mark.
Shares of Dr Reddy, HDFC, ICICI Bank and L&T closed the green mark on the BSE Sensex. Indusand Bank, ITC, SBI, HDFC Bank, Kotak Bank, Infosys, TCS, Nestle India and Sun Pharma have closed the green mark.
The stock market closed the red mark yesterday
The 30-share Sensex fell 871.13 points or 1.74 per cent to 49,180.31 points on the BSE. Similarly, the National Stock Exchange’s Nifty lost 265.35 points, or 1.79 percent, to 14,549.40 points. Reliance Securities Strategic Head Vinod Modi said weakness in global markets and in the country Investor concerns led to a big downturn in local stock markets as the corona virus case grew.
Four major reasons for the decline in the stock market
1. Investors are worried about Corona’s rapid growth in the country.
2. Heavy sales have also affected the global market. Other markets in the world fell 2% due to heavy selling on US stock markets.
3. The major sectors of the market, namely banking, finance, metal and automobile sectors, also dominated the sale.
4. Increased geopolitical pressure also affected the market. North Korea fired 2 short-range missiles. The US and South Korea have also confirmed this.
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