Coronavirus: Sensex trading down 10% after falling 10%, Nifty below 8 thousand
Mumbai / New Delhi. The Indian stock market opened with a major fall on Monday (23 March 2020) amid rising cases of corona virus in the country and lockdown in many parts of the country. Trading was halted for 45 minutes after a brief drop of 10 percent in Sensex trading. Corona continues to wreak havoc on stock markets around the world.
The Bombay Stock Exchange (BSE) Sensex opened with a massive loss of 2307 points at 27,608.80. Similarly, the National Stock Exchange (NSE) Nifty lost nearly 800 points at 7945. In the early trade itself, it was being speculated that a lower circuit could take place in the stock market. All 30 index indices fell in early trade.
By 9.57 am, the Sensex broke 2932.30 points (9.80 percent) to reach 26,983.66. Similarly, the Nifty is trading at 7,911.35 points, down 834.10 points (9.54 percent). The Janata curfew was announced by the Prime Minister on Sunday due to Corona virus rising. Subsequently, several states have announced a lockdown by 31 March.
Let us tell you that on Friday, the Indian stock market started with huge fluctuations. The Sensex was up 5.75 percent or 1627.73 points to close at 29,915.96. Talking about the Nifty, it was 482 points or 5.83 percent stronger and closed at 8,745 points.
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