New strain of corona virus caused earthquake in stock market, investors drowned 6.59 lakh crore
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The selling pressure in the European market due to the discovery of a new strain of Corona virus in Britain caused a stir in the domestic stock markets on Monday, causing the Sensex and Nifty to fall by three percent. This resulted in a loss of about Rs 6.59 lakh crore to investors.
The 30-share sensitive index Sensex of the BSE slipped 1,406.73 points to 45,553.96 points and the National Stock Exchange's Nifty fell 432.15 points to 13,328.40 points. The sell-off in the giants was also reflected in the small and medium-sized companies where the BSE midcap fell 736.20 points to 17,064.98 points and the smallcap 812.11 points to 16,956.99 points. All the groups involved in BSE remained in decline. Metal group declined the most at 6.05 percent and the lowest at 1.69 percent in IT. A total of 3,192 companies traded on the BSE, of which 2,433 were in decline and 592 in the lead while 167 remained unchanged. Market capitalization of BSE declined from Rs. 1,85,38,636.70 crore to Rs. 6,59,313.65 crore from Rs. 1,78,79,323.05 crore due to all-round selling. In this way, investors lost Rs 6.59 lakh crore. Globally, the European markets saw more selling. The UK's FTSE was down by 2.73 percent, Germany's Dax 3.51 percent, Japan's Nikkei 0.18 percent and Hong Kong's Hang Seng 0.72 percent. China's Shanghai Composite closed up 0.76 percent.
