New Delhi: Eventually that was what everyone feared. The country has started showing signs of partial economic slowdown. After the fall in global stock markets, the Indian market also collapsed on Friday. The Sensex opened in the morning with a fall of 1000 points and by the evening, it dropped 1448 points.
Experts say that this is the first time since the decline during the economic recession in 2008, when the market has fallen so much on one day. The Sensex lost 1448 points to close at 38, 295, while the Nifty closed at 11,201 points after losing 431 points. Experts say that due to Coronavirus infection in China, the impact of the decline in the domestic market is beginning to be seen internationally. The American market Wallstreet Dow Jones recorded a decline until the market closed.
At the same time, global selling in the domestic stock market showed a bad effect. Since morning, Tech Mahindra, Tata Steel, Bajaj Finance, HCL and SBI have suffered huge losses. Reliance Industries has suffered the most from the share sale. Santosh Meena, Senior Analyst, Trading Bells, has said that all the international markets are looking disappointed and full of fear due to the fear of Coronavirus. Its direct impact is on the domestic market.
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