Sensex drops to 3100 points as effect of Corona Virus

Mumbai: Sensex continues to decline. In afternoon trading, the Sensex broke down to 3140 points. At 2 pm, the Sensex was down 2350.23 points to 33,347.17. The Nifty was trading at 9,719.80 points, down 738.60 points. In the Sensex, 2186 companies have registered a fall, while 175 companies have an increase in shares. Shares of 1,106 companies have reached a one-year low. Shares of 500 companies have a lower circuit.

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Earlier, the Sensex had dropped to 2600 points at 11 am. The Sensex is currently trading at 32,556.65 points. The 3140-point weakness is the Sensex's biggest drop in intraday trading to date. The Sensex had lost 2467 points in intraday trade on Monday. The Nifty also reached 9746 points with a weakness of 701.90 points. This is the lowest level in the past 31 months of the Nifty. Vodafone-Idea shares are seeing a boom on the BSE, while Spice Jet, Glenmark shares are trading in the red mark. Out of the 2,087 stocks traded on the BSE, 1873 companies declined.

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Shares of 783 companies on the NSE have fallen to a one-year low due to the sharp fall in the market. The companies that went to a one-year low include Reliance, TCS, HDFC Bank, Bajaj Auto, HPCL, ITC, L&T and SpiceJet. GAIL, Hero Motorcorp, ACC, BEML, Gillette and Glenmark Pharma are also named in the list.

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