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A Huge Blow For Sensex
By: Tupaki Desk | 13 March 2020 5:40 AM GMT
The stock market trading on Dalal Street has witnessed a lower circuit of around 10 percent which is the lowest in recent times. The investors have lost around Rs 11.28 lakh crores in just one day.
The Sensex saw a dip by 3,091 points to below 30,000 levels. The flagship of the BSE was struct at 29,687 while the Nifty has jumped by 10.07 percent to 8,624.
While the modules of Sensex and Nifty like HCL Tech, Tech Mahindra and Kotak Mahindra Bank were down by around 15 percent each in the trade.
"Over the last few days the Indian stock market has been moving in tandem with other global markets owing to concerns relating to Covid-19 pandemic, resultant fear of economic slowdown, recent fall in global crude oil prices, etc," market regulator Sebi said.
Earlier, trading was halted for 45 minutes as the Nifty50 index hit a 10 percent lower circuit on Friday. The index was down over 1,000 points, or 11 percent, at 8,530 levels. The S&P BSE Sensex tumbled over 3300 points, or 10.3 percent, at 29,390 levels.
The Sensex saw a dip by 3,091 points to below 30,000 levels. The flagship of the BSE was struct at 29,687 while the Nifty has jumped by 10.07 percent to 8,624.
While the modules of Sensex and Nifty like HCL Tech, Tech Mahindra and Kotak Mahindra Bank were down by around 15 percent each in the trade.
"Over the last few days the Indian stock market has been moving in tandem with other global markets owing to concerns relating to Covid-19 pandemic, resultant fear of economic slowdown, recent fall in global crude oil prices, etc," market regulator Sebi said.
Earlier, trading was halted for 45 minutes as the Nifty50 index hit a 10 percent lower circuit on Friday. The index was down over 1,000 points, or 11 percent, at 8,530 levels. The S&P BSE Sensex tumbled over 3300 points, or 10.3 percent, at 29,390 levels.
