Sensex gains 1941 points behind crude and Corona ridge

Ahmedabad, 09.09 March 2020, Monday

The calendar year of 2 has proved to be a tumultuous year for the Indian stock market. Reports of crude oil prices up 5 percent globally on opening day of new week, rising outbreak of Corona virus globally and crisis after emergence of the financial-banking system following house-to-house bank robbery today. Intra-Sensex intake during mid-working hours He was stunned to be weighing down the market recorded a historic 2467 points. However, some of the lost surfaces were achieved in the early stages following short coverings in the final phase of operation. However, today, the Sensex saw a huge gap of 5 points at the end of trading today. On the other hand, the Nifty also saw a six-point gain.

Sensex intra-day recovered after hitting bottom of 35109 at 35634 heading towards recovery

Following the introduction of the Union Budget, the Indian stock markets have been steadily falling behind adverse reports. Also, due to the outbreak of the corona virus, Indian stock markets have also been watered down in the global markets. The fear of the global downturn in the wake of the Corona virus has also led to the plunge of Indian stock markets as foreign investors are constantly selling. The disaster has not yet been resolved, and the bank's financial meltdown has led to the complete collapse of the market due to financial crisis. On the other hand, with the failure of OPEC countries' crude oil meeting to fail, Saudi Arabia reported a sharp rise of 5% in crude oil due to the threat of rising crude oil production and lowering prices. However, later bouncing from the lower headline after short cover, it finally fell 5 points to a soft 5.3.

Nifty intraday gains 657 points: 538 points down at 10451 at end of trading

Following the above reports, the Nifty index intraday fell to the bottom of the 5-point benchmark today on the NSE, following heavy selling pressure from the market. However, after a short cover, the bounce back was down 5 points at the end of the day and remained soft at 5.4. On the other hand, if we look at the regional index of the NSE, the metal index is - 8.5%, media - 5.3%, PSU bank - 1.5%, private bank - 5% financial services - 8.5%, auto - 5 Pharmaceuticals were down 0.1%, Realty 5%, Pharma - 5%.

Large erosion in small cap and mid cap stocks: NSE breaks index by 4%

Small-cap and midcap stocks, along with heavy-weight stocks, were under pressure today due to panic selling from Chomer. Due to which, the NSE MidCap Index was down 5.7% and the Smallcap Index was up 5.7%. On the other hand, on the BSE, both the stocks of these two segments also witnessed a massive erosion in the Index of Massive Selling. Today, the Bank Nifty too fell 5 points to the bottom of the 5.

Crude kicks in with heavyweight stocks

Heavyweight stocks have also started to erode today due to the huge hike in crude oil prices and the other 3 per cent. ONGC shares fell 5%, Reliance fell 5%, IndusInd Bank broke down 3%, Tata Steel slipped 3%, TCS slipped 3%, State Bank fell 5% and ICI, IC1.8. The percentage was broken down to the bottom of the 5.

Fierce bracelets in bank and metal stocks

Yesterday, bank and metal stocks rallied sharply following the bank's shock and fear of global recession. On the other hand, after the bankruptcy of the bank, the adverse effects of the downturn in the banking sector had affected the market morale due to the fear of falling at different levels of the economy. As well as in various finance stocks Nda were gaps.

839 stocks hit the bottom of the year: 492 lower circuit

At the close of the trading session, four stocks listed on the BSE were trading down on their weekly highs as the stocks closed at the Mumbai stock market.

On the other hand, the lower circuit of the recession was implemented in 5 stocks. At the Mumbai stock market, a total of 5 stocks were traded today, out of which 5 stocks fell. While 3 stocks rose and 3 stocks closed, with no change.

Massive erosion in BSE's market cap

Investors' property caps (BSE market cap) also started declining today following the 5-point gains recorded in the Sensex. At the end of the working day, the market cap of BAIs was washed 2.5 lakh crore and at the end it was 1.8 lakh crore.

Sensex closed down at the end of trading day, ending at 5 points.