- There is an atmosphere of uncertainty in the market as the number of corona patients is increasing.
- The Sensex fell sharply this morning but then recovered
- The Sensex has plunged 2,000 points in the last five sessions.
The uncertainty in the market has been exacerbated by the Corona head-butting. Therefore, investors prefer to withdraw money. The pressure was felt in the stock market today. At the opening of the day on Friday, the Sensex had fallen by 300 points, while the Nifty had broken the level of 14,500 points. However, both the indices have recovered.
The BSE benchmark Sensex rose by 114 points to 49,330. The wide-based National Stock Exchange Nifty rose by 20 points to 14,599 points. Today, investors in the financial sector, automotive industry, IT services, oil and gas sectors continue to make profits in the market.
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Shares of Reliance Industries, HDFC, HDFC Bank, L&T, Bajaj Finance, Infosys, TCS, Maruti, Mahindra & Mahindra, and ONGC declined in today’s session. Shares of NTPC, HCL, Kotak Mahindra Bank, and ITC rose.
There is a lockdown in Europe again. Corona infection is rampant around the world and it is still impossible to prevent it. Corona has once again raised its head and there is a third wave in France. Prime Minister Jean Castex has announced a limited lockdown in parts of France. Its effects were felt in European capital markets yesterday.
Earlier in the day, the BSE benchmark Sensex fell by 585 points to close at 49,216 points. The market was also down sharply on Wednesday. The Sensex had lost 562 points to close at 49,801. The Nifty closed 189 points lower at 14,721.
Decrease of 2000 points in five days
The stock market has fallen sharply in the last five sessions. The second wave of the corona and the hanging sword of the lockdown has alarmed investors in the capital markets. Investors have preferred to withdraw money from the market. Therefore, there is a strong sell-off in the market, says a stock market analyst. However, the fall has cost investors at least Rs 4 lakh crore.
