New Delhi: The fast-growing coronavirus cases in India and after that the news of lock-down in many cities of the country has a direct impact in the stock market. The market collapsed as soon as the market opened on Monday. The 30-share Bombay Stock Exchange (BSE) based major Sensex Sensex opened at 27,040 with a fall of 2,845 points at 9 am.
'Corona' hit the market, the market opened with a loss of 2307 points
However, by 10 o'clock, the Sensex had dropped below 2,991 and reached 26,942. The National Stock Exchange (NSE) Nifty, a major sensitive index based on 50 stocks, also opened with a loss of 865 points at 8,295 over the previous session. Within just a matter of hours, 895 points have dropped to 8,264. Only after this, a lower circuit has been installed in the market. Now the markets will open after 45 minutes.
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Experts say that in many districts of Maharashtra, including Mumbai, there is a fear of the market after the announcement of the lock-down and also in Delhi-NCR. This is the reason that selling in both Sensex and Nifty is very fast. Like the fall today, on March 13 this month, the Sensex has suffered a decline of 3000 points due to heavy selling.
