GoodTime Nation - Top WebStories in India

Stock Market Crash plunges more than 3% due to Corona’s havoc


Stock Market Crash plunges more than 3% due to Corona's havoc 1

New Delhi. The impact of the second wave of Corona virus is clearly visible on the stock market. The stock market has crashed due to record figures of new cases of corona in the country on Monday. Currently, the stock market is trading below 4,7500 points with a fall of about 1400 points. At the same time, the Nifty 50 is seeing a decline of about 400 points. On the other hand, HDFC Bank’s fourth quarter figures are being seen according to estimates. After which, at present, HDFC Bank’s stock is trading with a decline of more than 3%. The banking sector is witnessing the biggest decline. At the same time, more than 5 lakh crore rupees of market investors have been drowned.

Also read: Tata, Mittal and Jindal also came up after Mukesh Ambani in the battle against Kovid-19

Stock market crash
Today, after the record cases of corona virus, the stock market went bust. The Bombay Stock Exchange’s leading index, the Sensex, is trading at 47461.73 points, down by 1370.30 points. Whereas during trading level the Sensex fell to a low of 47,362.71 points. On the other hand, Nifty 50, the major index of the National Stock Exchange, is trading at 14,221.85 points with a decline of 396 points. The BSE small-cap is trading 607.82 points, the BSE mid-cap 563.29 and the foreign investors index CNX Midcap is down by 765.30 points.

Big fall in banking sector
Today the banking sector is witnessing a big decline. Bank Exchange is trading with a loss of 1696.06 points and Bank Nifty by 1481.20 points. BSE Auto is losing 805.85 points and 994.65 points in consumer durables. Capital Goods 479.24, BSE IT 377.01, Oil & Gas 417.24, BSE Metal 391.15, BSE PSU 239.75, BSE FMCG 197.88, BSE Tech 186.31 and BSE Healthcare are trading down by 59.54 points.

Also read: Andhra Pradesh government will give e-bike to government employees on EMI, scheme may apply everywhere in the country

Rising and falling shares
First of all, when we talk about the declining stocks, then the private banks are seeing a decline. Axis Bank 4.91 per cent, ICICI Bank 4.74 per cent, Kotak Mahindra Bank 4.71 per cent, Bajaj Finance 4.52 per cent, HDFC Bank 3 per cent and State Bank of India are seeing a decline of 4.40 per cent. On the other hand, Dr. Reddy Laboratories 1.35 per cent, Cipla 1.33 and Britannia Industries shares are seeing a slight increase of 0.05 per cent.


Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.