Sensex fall today: Profiteering loud; Sensex down 300 points, IT-pharma sell-off

Story Highlights
  • The capital market is currently at a profit
  • The BSE benchmark Sensex fell by 400 points
  • For the second consecutive session, investors suffered huge financial losses

The capital market, which started positively in the morning session, is currently trading at a profit. Sensex and Nifty have fallen sharply on the back of strong sales in the IT, pharma, and banking sectors. For the second consecutive session, investors have suffered huge financial losses. The Sensex had lost 592 points on Wednesday.

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At present, the BSE Sensex has fallen by 400 points and is trading at 49392 points. Nifty It is at 14620 points with a decrease of 111 points. There was also a big drop in the market on Wednesday. The Sensex had lost 562 points to close at 49,801. The Nifty closed 189 points lower at 14721 points. ONGC, NTPC, Sun Pharma, SBI, IndusInd Bank and Reliance Industries were the biggest losers in yesterday’s session.

In today’s session, companies in the information and technology services sector have been hit by sales. Infosys, HCL Tech, Dr. Reddy Lab, ICICI Bank, TCS, Kotak Mahindra Bank, Axis Bank, Asian Paint, and SBI declined. On the other hand, Bajaj Auto, ITC, and BHEL rose. Nifty IT Index 1. It has declined by 7%. The Nifty Smallcap and Midcap Index fell by 1 percent.

Corona infection is once again spreading in India. The number of coronary heart disease patients has increased by 24%. In the last 24 hours, 5 thousand 871 new cases of corona have been added. In addition, the total number of coronary heart disease patients has reached 1 crore 14 lakh 74 thousand 605 so far. Therefore, a night curfew has been imposed in some states. Investors are panicked as the country is once again facing a lockdown crisis.

The US Federal Reserve has kept interest rates at zero. The bank has not changed its credit policy role in view of the risk of the Corona crisis. . The Federal Reserve has expressed fears that inflation in the United States will rise in 2021 this year. The US economy is on track to reach its highest growth rate in 40 years, according to the Federal Reserve. As a result, the US market rallied

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