The Sensex fell by 871 points
Mumbai: The daily increase in the number of corona sufferers and the repercussions of the mini-lockdown implemented in major states across the country hit the capital markets today. The BSE benchmark Sensex fell by 1,400 points on Monday, closing at 871 points. As a result, investors lost Rs 2.16 lakh crore. Also, the wide-based National Stock Exchange Nifty fell by 230 points. The market value of BSE-registered companies fell by Rs 2,16,566.52 crore to Rs 2,05,09,835.27 crore.
The 30-share BSE Sensex recovered marginally by 870.51 points, or 1.74 per cent, to close at 49,159.32 after falling nearly 1,400 points during the day. At the National Stock Exchange, the wide-based National Stock Exchange index Nifty fell by 229.55 points, or 1.54 per cent, to close at 14,637.80. Shares of TCS, Infotech, Bharti Airtel and Tech Mahindra rose 2.32 per cent.
Among the 30 companies in the 30-share Sensex, Bajaj Finance was the biggest loser. It was followed by IndusInd Bank and State Bank of India. Shares of banks and financial institutions have been hit hard in today’s fall. On the other hand, shares of IT companies rose. HCL Tech was the biggest gainer, with the stock gaining 3.08 per cent.
Earlier, the Sensex had lost 300 points in early trade today. Chauffeur sales started further and the Sensex had plunged by a maximum of 1400 points. After that he recovered somewhat.
BSE Midcap and Smallcap also declined by 1 per cent each, said Ajit Mishra, VP – Research Religare Broking Ltd. Said. Shares of construction, banking, finance and automotive companies fell 3.62 per cent, while IT, metals and telecom companies gained.
The number of corona victims in the country has gone up to 1.03 lakh on Monday. A staggering 478 deaths were recorded in a single day on Sunday. The country had earlier recorded the highest number on September 16, 2020. On this day, 97 thousand 894 patients were registered in the country in one day. On Sunday, the Maharashtra government announced a weekend lockdown. Maharashtra is at the forefront of daily patient growth. Corona is also spreading rapidly in Rajasthan and Karnataka. As a result, the crisis of the entire lockdown has darkened and the industrial sector has panicked. Sales hit all sectors.
Tags: Corona Virus, Minillockdown, Mumbai, Sensex fell by 871 points