On Monday, the Sensex closed down 13.15 percent or 3934.72 points at 25,981.24. This is the biggest drop during a trading session. On the other hand, the Nifty also closed down at the level of 25,981.24, down by 12.70 per cent i.e. 1,110.85 points. Axis Bank 28.01 per cent, Bajaj Finance, 23.57 per cent, IndusInd Bank 23.50 per cent and ICICI Bank 17.88 per cent. Experts believe that the lockdown in various cities due to corona virus is also a major reason for this.
The bears dominated the Indian stock market. The stock market was undergoing continuous decline on Monday in view of the adverse impact of Corona virus on the industry and economy. In the early trade itself, a lower circuit was introduced in the stock market when the Sensex broke 10 percent. This decline does not seem to stop. At 12.25, the Sensex was trading at a level of 26,314.87, down by 12.04 percent i.e. 3601.09 points. At the same time, the NSE Nifty was also trading at 7,705.50, losing 11.89 percent or 1,039.95 points.
After the passing of the Lower Circuit, trading in the Indian stock market started again. At 11.30, the BSE Sensex was trading at a level of 26,468.76, losing 11.52 per cent i.e. 3,447.20 points. At the same time, the NSE Nifty of the NSE was trading at the level of 7,768.20, losing 977.25 points.
At 11.02, the Sensex was trading down by 3100 points. Bank Nifty declined by 14 percent. At 11.07 am Axis Bank saw a decline of 19 per cent, IndusInd 17.68 percent, ICICI Bank 14.61 percent and Bajaj Finance 14.42 per cent. The Nifty too was trading at 7,852.35, down 89.10 points or 10.21 percent.
Pre-Open trading started in the Indian stock market after the period of Lower Circuit passed. At 10.45 minutes, the BSE Sensex was trading at a level of 27,499.40, losing 8.08 percent i.e. 2416.56 points. The rupee touched a record low today against the dollar. It was trading at a level of 76.16 against the dollar, although a slight improvement is being seen.
The Indian stock market once again has a lower circuit at 9.57 am on Monday and trading has stopped. The BSE Sensex fell 10 per cent, ie 2991.85 points to 26,924.11. At the same time, the NSE Nifty also fell by 9.63 points, ie 842.45 points to 7,903. Lower circuit has been put in the market for the second time in a row this month. Despite the curbs imposed by Sebi on short selling on Friday, the market volatility does not appear to be decreasing. The market is witnessing a fall in view of the effects on the economy caused by the corona virus. The rupee touched a record low today against the dollar. It was trading at a level of 76.16 against the dollar, although a slight improvement is being seen.
After the decline in the initial trade, it seems like the lower circuit is going to be in the Indian stock market again today. At 9.46, the Sensex was trading at a level of 27,145.87, down 9.26 percent, or 2,770.09 points. At the same time, the Nifty was also trading at the level of 7,947.15, down 9.12 percent.
Indian stock market opened with a heavy fall on Monday. NSE Nifty opened below 8,000. At 9.16, the BSE Sensex was seen trading at a level of 27291.27, with a loss of 8.77 per cent, down 2,624.69. On the other hand, NSE Nifty 50 was also trading at 7,988.40, down by 757.05 points ie 8.66 per cent. There was a spurt in 90 stocks and a decline in 860 shares. There was no change in the prices of 42 shares.
The BSE Sensex was trading at 27,608.80, down 2307.16 points, or 7.71%, in the pre-open session. At the same time, the NSE Nifty was also trading at 7,945.70 with a drop of 799.75 points ie 9.14% in the pre-open session. In the pre-open session, Bank Nifty was also seen trading at the level of 18,311.30, breaking the 2006.30 mark ie 9.87%.
With the steep fall in global markets and the 11.5 per cent decline in SGX Nifty, there was a strong expectation that the Indian stock market would open with a heavy fall on the first day of the week. The NSE Nifty 50 index closed up 5.83 per cent on Friday. The global relief package was expected to provide some relief to the damage caused to the economy due to the corona virus. However, the index has fallen by 30 percent so far this year.
After the market closed on Friday, the Securities and Exchange Board of India (Sebi) reduced the position limit in specific stock futures to half. SEBI had also curbed short selling in index derivatives and raised margin rates for some stocks to curb abnormal volatility in the midst of the pandemic.
The New Zealand market fell by a record 10 percent after the government shut down non-essential businesses. Shanghai Bluechip saw a decline of 2.3 per cent. At the same time, Nikkei saw an increase of 0.8 percent.