Corona Corps: Sensex gains 2650 points, Nifty drops 750 points

Ahmedabad. March 12, 2020, Thursday

- Erosion of 7.51 lakh crores of investors

- The American stock market has also been hit hard

Shares of IndusInd Bank plummeted in Reliance, the lowest in six years

- After the Modi government came to power 27 percent more than two percent

- So called market analysts on TV channels are suggesting buying

Globally, the US stock market was hit again by 877 points on the back of other adverse reports, with the Corona virus prevailing. Reports of the Italian economy devastating due to the Corona virus have also been adversely affected in the US stock market, with reports of other countries also having an adverse effect.

Stock markets around the world including India are worsening due to the corona virus. On Thursday, the fourth day of the week, the Indian stock market has started once again with a major downfall. This reduction is going to increase. After 11am, the Sensex saw 2650 points while the Nifty was down 750 points.

In the first 30 minutes of trading, investors have invested Rs. 7.51 lakh crore has been eroded. Investors have lost Rs 29.08 lakh crore in the market downturn since Feb 19. Every Nifty reduction expert was advising that there is 10,400 support, 10,600 support. The Nifty does not go below 10,100. It's all gone wrong. Less than a month and a half nifty below. Even so-called market analysts on TV channels are suggesting buying.

After the Modi government came to power, 27 times more than two percent

Of the 63 trading sessions that have declined by more than two percent since January 2010, 27 have seen the Narendra Modi government come to power in May 2014. So in 10 cases where the Sensex has fallen by more than three per cent, five have been seen in the Modi government. More than five per cent reductions have been observed in the Narendra Modi government in August 2015 and March 2020. Today is the third event in the market with more than five percent decline

10:18: Sensex gains 1875 points, the Nifty 566 points down crude 4 percent to trade at $ 31.63 a barrel. Reliance's stock is trading at 1085, down 5.93%.

IndusInd Bank shares fall to the lowest in six years

Shares of IndusInd Bank, the country's leading private bank, fell 10 per cent to Rs 768.30 today, the lowest since December 2014. In the last four days, the stock price has dropped 25%.

Reliance continues to clash

At the AGM of the company in October 2019, Reliance announced a debt reduction plan. After that the stock reached a record price of Rs.1600. But the fall in crude prices has been steadily declining. Today, Reliance has dropped 5.93 percent to Rs 1097.

The American stock market also called a boom

The Dowgens Index was down 877 points, or 3.50%, to close at 24141 points. The Nasdaq was soft at 8077 with a 268 point break, ie a 3% break. The S&P 500 index, on the other hand, was down 102 points, or 3.53 percent, to a low of 2777.