The biggest decline in terms of numbers
New Delhi: Indian markets have witnessed the biggest decline in terms of numbers today. The Nifty has closed at the lowest level since December 2018, falling about 540 points. The Sensex has lost nearly 1950 points. The Nifty Bank has also lost nearly 4.75 per cent. Metal stocks were the biggest weakness today. The Nifty has fallen 538 points to close at 10,451 today. At the same time, the Sensex has fallen 1942 points to close at 35,635.
The market is seeing recovery from the lower levels. The Sensex has improved about 630 points from the lower level. At the same time, the Nifty has improved about 200 points from the bottom. Bank Nifty has improved about 500 points from the bottom. At the same time, the midcap has improved about 250 points from the bottom.
During this time, due to the outbreak of Corona virus and a sharp fall in the prices of crude oil, the market was under pressure. Global oil benchmark Brent crude futures fell nearly 30 percent to $ 32.11 a barrel. In the energy market, there was no consensus between the major oil producing countries to control the prices and after this the major exporter Saudi Arabia started the price war.
The decline in the BSE Sensex continued on Monday as well and the 30-share Sensex lost 1515.01 points or 4.03 percent to close at 36,061.61 in early trade. Similarly, the NSE Nifty fell 417.05 points or 3.80 percent to 10,572.40. The BSE had lost 893.00 points in the previous session and 279.55 points in the Nifty.
