New Delhi: In many states of the country, the effect of declaring a health emergency on the coronavirus is clearly visible in the market. As the market opens on Monday, the phase of decline continues. The Sensex, based on the 30 stocks of the Bombay Stock Exchange (BSE), fell more than 2,143 points to 31,960 as soon as the Sensex opened. Similarly, the National Stock Exchange (NSE), based on 50 stocks, the sensitive index Nifty has reached 9,864 with a weakness of 569 points.

There was a huge drop of 3,000 in a few minutes as soon as the stock market opened on Friday morning, after which there was relief till evening. The Sensex closed at 34,103 with a strength of 1,325 points, moving steadily throughout the day. Similarly, the Nifty also closed at 10,433 points with a strength of 384 points. Sensex fell 3,000 points to 29,687 as soon as opening pressure increased due to disappointing signals from foreign markets. The Nifty fell 989 points to open at 9,059. In view of the situation, a lower circuit was installed in the share market, which was opened after one hour.

Due to the havoc of Corona and the decline in crude oil in the global market, there is a possibility of slowdown in the global economy, due to which the selling pressure remains. The rupee broke 61 paise from the previous session and opened at 74.25 per dollar against the dollar. The rupee had closed higher at Rs 73.64 per dollar in the previous session. However, later the rupee was trading at 74.12 per dollar against the previous session.

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