There has been a huge decline in the domestic stock market due to the new strain of corona virus ie in some countries of Europe including England, the new type of corona virus has become uncontrollable. Due to the new type of corona virus, Health Minister Harsh Vardhan has held an emergency meeting in the country today. After which all flights originating from the UK have been banned. The new type of corona virus is said to be 70 percent more dangerous than earlier. Due to these developments, the sentiment of investors in the stock market has deteriorated and led to heavy selling. The Sensex fell 1407 points to close at 45,553.96 levels due to heavy selling in each sector. The Nifty has also fallen 432 points to close at the level of 13,328.40. Bank is the biggest selling sector.
In this huge drop of the market, investors have lost heavily. In today’s business, the market cap of BSE listed companies has reduced by about Rs 7 lakh crore. On Friday, December 18, the market cap of BSE listed companies was Rs 1,85,38,636.70 crore. At the same time, on December 21, it decreased to Rs 1,78,33,232.91 crore. That is, the wealth of investors decreased by about 7 lakh crores.
In today’s trade, 30 stocks of Sensex 30 have closed in the red mark. In today’s top gainers, ONGC lost nearly 10 per cent. IndusInd Bank is down 7 percent. M&M is broken by 6 percent. SBI declined by 6 percent, NTPC by 6 percent and ITC by 5 percent. Axis Bank, PowerGrid and ICICI Bank are also among the top losers.
There is an all-round selling in the market in today’s business. All 11 of the 11 major Nifty indices have closed in the red mark. The bank and auto index declined 4 percent. The metal index has fallen by 5 percent. The realty index has also broken more than 4 percent. There has been a decline of 3.5 per cent in Pharma, 2.5 per cent in FMCG and 2 per cent in IT index.
