Stock Market: Corona’s shadow on the stock market, Sensex broke more than 800 points, Nifty also collapsed

STOCK MARKET:The stock market continued to gain momentum for three consecutive days, but broke on the fourth day of the week. Due to weak global cues and ever-increasing cases of corona infection, the market opened on the red mark on Thursday and there was a huge decline in it. With the opening of the market, the 30-share Sensex of BSE fell more than 500 points and again came under 60 thousand. Initially, the Sensex slipped 585 points to the level of 59,638. At present, the Sensex has broken 820 points or 1.36 percent during just half an hour of trading and is trading at the level of 59,402.

Like the Sensex, the National Stock Exchange’s index Nifty has also declined strongly and the Nifty has fallen below 17,800 with a fall of 171 points. Today the shares of Adani Ports have fallen the most and they have broken up to 18 percent. On the other hand, Hindalco’s shares are the top gainers and they have climbed more than 9 percent. Significantly, on Wednesday, the stock market closed with gains for the third consecutive trading day. The Sensex closed at 60,233, up 367 points or 0.61 per cent, while the NSE Nifty was up 120 points or 0.67 per cent at 17,925.

The stock market continued to gain momentum for three consecutive days, but broke on the fourth day of the week. The market opened on the red mark on Thursday. With the opening of the market, the 30-share Sensex of BSE fell more than 500 points and again came under 60 thousand. At present, the Sensex is trading at the level of 59,402 by slipping 820 points or 1.36 percent.