Mumbai. The country’s stock market was in a tizzy on Monday under heavy selling pressure during initial trading. The Sensex slipped more than 1400 points to 48,112 in early trade and the Nifty also lost 450 points to 14,384.
The Sensex was trading at 1,128.23 points, or 2.28 per cent, down at 48,463.09 from the previous session at 9.42 am, while the Nifty was down 361.35 points or 2.44 per cent from the previous session at 14,473.50.
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The Bombay Stock Exchange (BSE) 30-share sensitive index Sensex opened with a loss of 634.67 points at 48,956.65 from the previous session and slipped to 48,112.17 during opening trade.
The 50-share Sensex Nifty of the National Stock Exchange (NSE) opened at 14,644.65 with a loss of 190.20 points from the previous session and slipped to 14,384.40 after climbing to 14,652.50.
Experts say that selling pressure is being witnessed in the country due to negative trend among investors due to fears that Corona will wreak havoc and measures taken to prevent it.
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