Today is friday, the last trading day of this week, and today was a Black Friday for Dalal Street. In fact, the Sensex has lost nearly 1500 points and the Nifty fell 424.90 points to 17,111.35 in the morning. People are shocked by the fall in the market today and are eager to know the reason behind it. Let me tell you that the new variant of corona is not only the main reason behind this but there are also two other reasons. Let us tell you the main reasons for the fall in the stock market.
New Covid variant - A new variant of corona virus Covid-19 has been found in South Africa, which is said to be very deadly and dangerous. Britain has cancelled flights to 6 African countries. The UK's Health Security Agency (UKHSA) has declared the new corona variant B.1.1.529 as variant under investigation. At the same time, the Central Government has issued instructions to the States to strictly check and test passengers coming from three countries, South Africa, Botswana and Hong Kong. Due to all this, the domestic markets, including the Asian market, have also suffered.
Then lockdown- European countries have extended overnight COVID-19 booster vaccination suo-strict restrictions. In fact, Slovakia has announced a two-week lockdown. On the other hand, the Czech government will close the bar soon. At the same time, Germany has crossed the threshold of 100,000 COVID-19 deaths.
FII Sales - Let me tell you that the data available with NSE says that foreign portfolio investors (FPIs) converted domestic stock vendors to Rs 2,300.65 crore. The sell-off has also dampened investor enthusiasm.