On Monday, the Sensex closed down 13.15 percent or 3934.72 points at 25,981.24. Along with this, this is the biggest drop during a trading session. On the other hand, the Nifty also closed down at the level of 7,610.25, down by 12.98 percent i.e. 1,135 points. On the other hand, Axis Bank 28.01 percent, Bajaj Finance, 23.57 percent, IndusInd Bank 23.50 percent and ICICI Bank 17.88 percent. Experts believe that the lockdown in various cities due to coronavirus is also a major reason for this.
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The BSE Sensex was seen trading at a level of 25,906.69, down 13.40 percent or 4009.2 points at 3.20 minutes. With this, the Nifty also saw a tremendous decline today. It was trading at 7,589.65, breaking 13.22 percent or 1,155.80 points. At the same time, there was a decline of 29.36 percent in Axis Bank in the Sensex, 24.36 percent in Bajaj Finance, 23.83 percent in IndusInd Bank and 18.44 percent in ICICI Bank.
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The bears dominated the Indian stock market. The stock market was undergoing continuous decline on Monday in view of the adverse impact of Coronavirus on the industry and economy. In the early trade itself, the lower circuit was hit in the stock market after the break of the SENSEX 10%. With this, this decline does not seem to stop. At 12.25, the Sensex was trading at a level of 26,314.87, down by 12.04 percent i.e. 3601.09 points. The NSE Nifty was also trading at 7,705.50, losing 11.89 percent or 1,039.95 points. With this, after the passing of the Lower Circuit, trading started again in the Indian stock market. At 11.30, the BSE Sensex was trading at a level of 26,468.76, losing 11.52 percent i.e. 3,447.20 points. NSE's Nifty was trading at the level of 7,768.20, losing 11.17 percent i.e. 977.25 points. With this, at 11.02, the Sensex was trading down by 3100 points. Bank Nifty declined by 14 percent. At 11.07 am Axis Bank saw a decline of 19 percent, IndusInd 17.68 percent, ICICI Bank 14.61 percent and Bajaj Finance 14.42 percent. The Nifty was also trading at 7,852.35, down 89.10 points or 10.21 percent.
