Mumbai: The domestic stock market has witnessed heavy selling today amid fears of lockdown due to Corona virus. On April 12, both the Sensex and Nifty indices fell sharply. The Nifty has again come down to 14400. At the same time, the Sensex has broken about 1700 points. Currently, the Sensex has a weakness of 1708 points at the end of trading and has closed at the level of 47,883. At the same time, the Nifty has also closed at 14311 level, weakening by about 524 points. Let us know that the graph of those infected with Corona virus and death in the country is increasing rapidly. More than 1.70 lakh cases and more than 900 deaths have taken place in the last 1 day.
Bank and financial stocks have been the biggest sellers in the business. The Nifty Bank index has broken more than 5 percent and the financial index has broken more than 4.5 percent. The PSU bank index has lost more than 9 percent. The metal index has lost 6 per cent, while the realty index closed down 7.5 per cent. Auto index declined by 5 percent. IT, pharma and FMCG stocks also weakened. IndusInd Bank, Bajaj Finance and SBI have seen weakness ranging from 6 to 8.5 per cent. Dr. Reddy’s rose by 5 percent. Talking about global signals, all three major US markets were up on Friday. Whereas, selling is seen in Asian markets today.
In this decline of the market, about 8 lakh crores of investors became clear. Today, the market cap of BSE listed companies has come down to 2,01,39,757.08 crores on the closing of the market. While on Friday, the market closed with a market cap of 2,09,63,241.87 crore.
Today the Sensex is selling in 29 stocks of 30. All the shares have closed in the red mark except Dr. Reddy’s. Dr. Reddy’s has been growing by 7 percent. Among the top losers, IndusInd Bank fell by 8.5 per cent, SBI by 7 per cent and Bajaj Finance by 7 per cent. ONGC, Titan Company, Axis Bank, Mahindra & Mahindra and Bajaj Finserv are also in the list of top losers.
