MUMBAI: Local stock markets fell for the fourth consecutive day on Wednesday amid concerns about the financial impact of the corona virus disease on the global economy.
The corona virus is now spreading to some new areas as well. This is increasing the risk to the global economy. The Sensex also lost another 392 points in the fall in global markets. The 30-share Sensex of the Bombay Stock Exchange had gone down by 521 points at one time during the day’s trading. It finally closed at 39,888.96 points, a loss of 392.24 points or 0.97 percent. In this way, the Sensex has lost 1,281.16 points or 3.11 percent in four days.
Similarly, the National Stock Exchange’s Nifty lost 119.40 points or 1.01 percent to 11,678.50 points. This is its lowest level since February 3. The Nifty has lost 402.35 points or 3.33 percent in four sessions. Among the Sensex companies, Sun Pharma was the biggest loser.
Maruti, L&T, Hero MotoCorp, Infosys, ONGC and Reliance Industries also declined. On the other hand, SBI, Hindustan Unilever, HCL Tech, Asian Paints and Ultratech Cement were the major gainers. The BSE Midcap and Smallcap share indices declined by 1.34 per cent. Vinod Nair, head of research at Geojit Financial Services, said, “Global markets have been affected by concerns about the corona virus worldwide. It is believed that its economic impact will be worse than previously anticipated. Because of this, investments are keeping away from risky assets. “
