On Friday, before the important meeting of the GST Council, there is a sharp decline in the domestic stock markets. Sensex, a 30-share sensitive index of the BSE, lost 729.11 points or 2.17 per cent at 32,809.26 points at 9:36 am. The Sensex opened down by 1,102.37 points on Friday at 32,436.69 points. Concerns over the return of the economy to the derailment and the rise in Corona virus cases in the US once again saw heavy selling pressure across the domestic stock markets.
For your information, let us tell you that IndusInd Bank's share saw the maximum decline of 6 percent. Apart from this, shares of ONGC, Kotak Bank, Axis Bank, NTPC, Bajaj Finance and HDFC also broke. Meanwhile, the shares of Sun Pharma and Bharti Airtel remained in the green mark.
In their statement, experts say that due to negative signals from global markets, withdrawal of foreign investors' money and increasing cases of corona virus, investor perception was weakened. US stock markets saw a significant decline on Thursday. This recent decline has been witnessed in the stock markets due to the rise in the corona virus cases in the US once again and the hopes of an early economic recovery. Experts say market sentiment has been affected even after Fed Reserve chief Jerome Powell indicated that the US economy would take some time to recover from the Corona crisis.
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