Stock market plunges, Sensex down 871 points

Stock market continues to decline mode

Mumbai: The stock market has also been stung by the increasing cases of corona virus. On April 5, there has been a huge sell-off in the domestic stock market. Corona virus has spoiled the market’s sentiment. Talking about India, for the first time in 1 day, more than 1 lakh cases have been reported in the country. The Sensex lost 1400 points in intraday trading.

At the same time, the Nifty has also slipped below the 14500 level in intraday. Bank and financial stocks have been selling heavily. Although IT shares have tried to give some support. At the end of trading, the Sensex has closed at a level of 49,159.32, weakening by 871 points. At the same time, the Nifty has closed 230 points, at the level of 14638. IndusInd Bank and Bajaj Finance are among the list of top losers today and there is a 6 per cent decline in them. On the other hand, Infosys, TCS and HCL Tech are the top gainers of today. Talking about global signals, the US market gained momentum on Friday due to better data of the job report in the US. The S&P 500 closed beyond 4000 for the first time. At the same time, shopping has been done in the Asian markets as well.

In today’s business, the market cap of companies listed on BSE has come down to Rs 2,05,15,005.01 crore. At the same time, on April 1, the market cap of listed companies on BSE was closed at Rs 2,07,26,402 crore. In this sense, the wealth of investors has decreased by about 2 lakh crores.

Today, selling in largecap shares is being seen. 25 stocks of Sensex 30 have closed in the red mark. Top losers include IndusInd Bank, Bajaj Finance, SBI, Mahindra & Mahindra, Axis Bank, Bajaj Auto, ICICI Bank, ITC and HDFC. At the same time, the top gainers include HCL Tech, TCS, Infosys, Bharti Airtel and Tech Mahindra.

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