On the fourth day of the trading week i.e. Thursday, the Indian stock market is again witnessing a tremendous decline. The condition of markets not only in India but also in the world is bad. The Corona virus caused havoc in the market.
The Bombay Stock Exchange’s leading index Sensex in early trade continued to fall in the market after falling 1,883.19 points, or 5.28 per cent. The Sensex is currently trading at a level of 33,158.74 with a fall of 2,538.66 points. While the National Stock Exchange’s Nifty is trading at 9,724.50 levels after falling 733.90 points i.e. 7.02 per cent.
Earlier, shortly after the market opened, the 30-share BSE Sensex was down by 1,974.92 (5.53%) points to trade at 33,722.48. At the same time, the NSE 50-share index Nifty was trading at 9,860.80, down by 597.60 (5.71%) points.
The World Health Organization (WHO) has declared corona a worldwide epidemic. The head of the WHO said that Kovid-19 can be considered a panademic (worldwide pandemic). Meanwhile, 12 new cases of corona have been reported in the country in the last 24 hours. After this, the number of patients has increased to 68. The government has suspended tourist visas of all countries till 15 April. Hence there was a huge fall in the market.
Talking about global markets, the US stock market recorded a tremendous decline on Wednesday. The benchmark Dow Jones slipped over 1,400 points and closed at 23,553.22, after which the Asian markets also saw a downward trend. Nifty futures were seen trading on the Singapore Exchange with a decline of over 4 per cent. The Tokyo benchmark Nikkei fell 2.24 per cent, South Korea’s Cospi 1.22 per cent and Australia’s ASS were down 2.6 per cent in early trade.
