- Corona shares the domestic stock market
- Sensex down 27,000 points in early trade
- Market decline continues for several days
Coronavirus has caused a furore in the stock markets all over the world. Its effect was also seen on the domestic stock market on Thursday. The Bombay Stock Exchange (BSE) Sensex went down by 27,000 points in early trade. The Sensex opened 1,818.61 points down at 27,050.90 in early trade. Currently, the 30-share BSE Sensex fell by 1758.20 points, or 6.09 per cent, to 27,111.31 points. Similarly, the Nifty of the National Stock Exchange is also down by 509.40 points or 6.02 percent at 7,959.40 points in the initial period.
Among the Sensex companies, Bajaj Finance recorded the highest decline of more than 17 percent. Apart from this, shares of most companies including IndusInd Bank, Asian Paints, Maruti, Mahindra & Mahindra, Axis Bank, ICICI Bank were down. On the other hand, Powergrid and NTPC shares saw a rise of up to 3 percent.
Earlier on Wednesday, after the initial rally, the domestic stock market had registered a decline. The Sensex fell 1,709.58 points to close at 28,869.51 at the close of trading for the day. At the same time, the Nifty dived to 498.25 points and closed at 8,468.80. In the midst of the outbreak of Corona virus, due to the possibility of economic slowdown, it is expected that governments around the world will give relief packages. Due to this, the market was strong in the world. However, investors on the BSE made a profit, after which the Sensex hit the red mark.
According to the stock market data, foreign institutional investors on a gross basis sold Rs 4,044.69 crore on Tuesday.
Meanwhile, the rupee fell 70 paise to 74.96 per dollar in early trade on Thursday against the US currency.