Sensex gains 2713 points, gains 758 points in Nifty

Ahmedabad, Mar 16, 2020, Monday

BSE Sensex rallied 2713 points in a single day on the back of globally hostile reports of Corona virus prevailing, prompting investors to raise more than Rs. 7.63 lakh crore erosion has started. The Nifty also recorded a gain of 757.80 points.

The US is behind the threat of a global recession, with the Corona virus finally proving to be an epidemic worldwide. The Indian stock market was once again on the brink of panic over Asian markets this morning and fears of a global recession following fears of the Federal Reserve taking other defensive measures, including lowering interest rates.

Massive chaps were reported in the Asian stock markets this morning due to a crackdown by the Federal Reserve. Which had a direct impact on the Indian stock market.

Apart from this, reports of corrosive cases being raised in India as well as regulatory measures taken by various state governments have also had a serious impact on the stock market. The Sensex was back on track with these reports opening today.

Behind these reports, the intra-day Sensex lost 31,300 levels to 31,276, under pressure from salesmen from Chomer. On the other hand, the Nifty also lost 9200 level and dropped to a low of 9165. Bank Nifty Future also collapsed at 22900 and Nifty March Future at 9055.

Thus, the Sensex intra-day fell 2713.07 points to end at 31,390.07 after breaking the Sensex intra-day by 2837 points on the pressure from Chomer. However, the Nifty intra-day fell 757.80 points to 9197.40 at the end of trading after breaking 790 points.

Investors' wealth (BSE market cap) today plummeted to Rs. With the erosion of 7.63 lakh crore, the work was ending at 1,21.63 lakh crore. The squeeze circuit was triggered by 435 stocks under heavy pressure from overseas investors. Foreign investors today conducted a massive sell-off of 3,810 crore.

Rupee dropped 50 paise to 74.25

Ahmedabad. 16

The rupee against the US dollar was fueled by fears of a global recession, with the US Federal Federal Reserve Bank announcing a move to keep liquidity down.

In the open market today, the rupee lost 50 paise to close at 74.25 at the end of trading after hitting an intraday high of 74.10 between 74.09 and 74.35.

Circuit recession for the third time in the last 10 days in the US stock market

Ahmedabad. 16

With the rise of the death toll and the number of people affected by the outbreak of the Corona virus globally, fear of a global recession fueled by the Federal Reserve's protective measures on the New York stock market today. The market was closed. European markets, on the other hand, were also hit hard.

The Federal Reserve has reduced interest rates once again after decades in defensive measures fueled by the US, as the global recession worsened following Corona's ouster. Along with this the Stimulus package has also been announced.

The Fed had to close the market for 15 minutes, with the Downtown Index hitting 2,500 points at the start of trading on the New York stock market today amid fears that the global recession might be triggered by the move. This is the third time in the last 10 days that the US has closed the stock market.

At the start of trading in the US stock market today, a circuit with a gap of 2500 points was implemented in the DOW. Despite the resumption of the New York stock market following the circuit, the downgrade continued. At the time of this writing, the Dowgens Index had fallen 1493 points to 21,691.76 late in the evening. Nasdaq, on the other hand, also fell 582 to a low of 7,292.

Stocks were also reported in European stock markets today. The London stock market was up 4.40%, the French stock market was down 4.37% and the German stock market was down 3%. The Brazilian stock market lost 12.5%. There were also reports of widespread erosion in the markets of Italy and Spain. Up to 7 percent of gaps were reported in Asian markets today.