The domestic stock market has seen heavy selling amid weak global cues. Today the business started with weakness. Later this decline continued to grow. The Nifty has again shifted around 14550. At the same time, the Sensex also closed below 49200. Apart from the bond yield, there has been an increase in market concern in the growing cases of corona virus. At the end of trading at present, the Sensex has a weakness of 871 points and closed at the level of 49180. In intraday it weakened to the level of 49120.
At the same time, the Nifty has closed at 14549 level with a weakness of 265 points. Bank, financial, auto and metal stocks have seen the most pressure. Other indexes have also weakened and closed. Today, Asian Paints and Powergrid closed with an edge on the Sensex 30. SBI and M&M are down 4 percent. Talking about global cues, the Dow Jones interests closed on all major US markets on Tuesday on fears of a slowing economic recovery. The Dow Jones lost 308 points. At the same time, Asian markets have also become weak today.
In today’s business, pressure is being seen on largecap stocks. 28 stocks of Sensex 30 have closed in the red mark, while only 2 have closed in the green mark. Asian Paints and Powergrid closed with an edge. While M&M, SBI, ICICI Bank, Axis Bank, IndusInd Bank, ITC, NTPC, Tech Mahindra and ONGC are among today’s top losers.
Covid-19 cases are increasing again worldwide. More than 40 thousand cases are coming daily in India. Accelerating corona virus infection has become a major threat to economy recovery in many countries around the world. Concerns about global GDP growth have arisen.
