The stock market broke due to Corona’s havoc, Sensex drops 500 points


Mumbai. The deepening havoc of Corona in the country again brought pressure of selling in the domestic stock market on Thursday. The Sensex broke over 500 points and the Nifty was trading down by over 100 points. At 11.22 am, the Sensex was trading at 48,097.90, down 446.16 points, or 0.92 per cent, while the Nifty was up 131.25 points or 0.90 per cent at 14,373.55.

There was a selling pressure in the stocks of banking, IT and auto sectors. According to the report on Thursday morning, more than two lakh new cases of coronavirus infection have been reported in the country during the last 24 hours.

The 30-share Sensex Sensex based on the Bombay Stock Exchange (BSE) opened at 48,512.77, down 31.29 points from the previous session, and slipped to 48,030.32 during the early afternoon trade, while rose to 48,686.17 in early trade.

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The 50-share Sensex Nifty of the National Stock Exchange (NSE) opened with a gain of 17.60 points from the previous session at 14,522.40 and climbed to 14,566.80 as against the Nifty’s low of 14,359.35.

Experts say that the selling pressure in the stock market remains due to the lack of encouraging signals from foreign markets and the havoc of Corona.

–IANS

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