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Stock market crash due to big fall in banking shares, Sensex down 580 points


Stock market crash due to big fall in banking shares, Sensex down 580 points 1

new Delhi. Today the stock market saw a big decline. The stock market’s major index Sensex has fallen by 580 points after three consecutive days of gains. While the Nifty managed to hold 12770 points. The major reason for the decline in the market is once again due to Corona virus and a big fall in the stocks of banks. The condition of the sectoral index is quite poor. All the major sectors have closed on the red mark.

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stock market crash
Today the stock market saw a big decline. The Bombay Stock Exchange’s flagship index Sensex gained 580.09 points to end at 43,599.96 points. While the National Stock Exchange’s major index Nifty 50 closed down 166775 points, down 12771.70 points. The BSE small cap closed flat with a marginal gain of 5.48 points. While the BSE Mid-cap 106.22 and the Indexus CNX Midcap for overseas exchangers closed with a big fall of 121.90 points.

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Decline in banking and auto sector
Today the banking and auto sector saw a big decline. BSE Auto closed down 137.68, Bank Exchange 939.36 and Bank Nifty 846.80 points each. BSE IT 147.81 and BSE Metal also saw a major decline of 115.43 points. BSE Healthcare 59.01, Oil and Gas 58.24, BSE PSU 47.52, BSE Tech 85.78 and Capital Goods declined by 10.07 points. At the same time, consumer durables 196.29 and BSE FMCG have seen a gain of 52.33 points.

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Rising and falling shares
Talking about the first rising stocks, Power Grid Corporation of India shares have seen a gain of 2.37 percent. While ITC shares closed up 2.09 per cent, NTPC 1.70 per cent, Tata Steel 1.24 per cent and Titan Company shares rose 0.96 per cent. On the other hand, the shares of State Bank of India and Coal India have fallen by 5%. While the shares of Axis Bank and ICICI Bank have slipped 4%. JSW Steel shares closed with a dive of over 3 per cent.


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