MUMBAI: The stock markets continued to decline for the fifth consecutive trading session on Thursday amid fears that the corona virus may take the form of an epidemic.
Investors’ concern about the Corona virus has increased. They are looking for safer options like gold and bonds. The gross domestic product (GDP) growth rate is estimated to be stable at 4.5 percent in the third quarter of October-December, 2019 of the current financial year. This also affected the perception. The government will release the GDP data for the December quarter on Friday.
Traders said the strong selling by foreign portfolio investors (FPIs) has also affected the perception of retail investors. According to provisional data from the stock markets, FPI has sold shares worth a net Rs 6,812.57 crore this week. BSE Midcap and Smallcap declined by 0.83 percent.
