Sensex lost 810 points, ended 30579A, losing 677 points

(Commerce Rep) Mumbai, Ta. March 17, 2020, Tuesday

Despite stagnation in US stock markets yesterday as a result of the outbreak of Corona virus around the world, the Asian stock markets have receded after a strong recovery in Indian stock markets today.

Corona virus cases in India are steadily rising and reports of the highest number of cases being reported in Mumbai-Maharashtra will be taken as a precautionary step. Point lost 30579.09 and Nifty spot lost 9000 level 230.35 points breaking 8989.05 Were closed. Investors' assets today lost another Rs 2.11 lakh crore.

Foreign funds - FPIs / FIIs' confidence in investing in India started to skyrocket as Corona infestation increased sharply in India with signs of a global recession, with huge net sales of Rs 4045 crore today. The net purchase of shares worth Rs 3422.12 crore was made by local institutional investors. The US dollar rose three paise to Rs 74.26 against the rupee.

The BSE Banks Index fell 1181.17 points to 25292.85 points on Friday as the fund's biggest sell-off in banking-finance stocks. ICICI Bank, IndusInd Bank, Bajaj Finance, HDFC Limited, State Bank of India, Axis Bank were offloading stocks.

With this, Infosys, TCS, Tech Mahindra, Reliance Industries, Bajaj Auto, Larson & Toubro, Titan, again saw a boom in the market. After the Sensex jumped 657.91 points to 32047.98 at the start, the bounce was 1468.89 points, and 810.98 points from the previous close, to close 30579.09.

However, the Nifty spot closed at 896.05 with a gain of 206.40 points in the opening session, after reaching a high of 9403.80 and breaking 436.75 points from the previous close and 230.35 points from the next close. Along with this, the consolidated market capitalization of listed companies in BSE-investor assets fell to Rs11.11.52 lakh crore from Rs2.11 lakh crore in a single day today.

US stock markets reopened this evening, with Goldman Sachs and JPMorgan announcing a global slowdown, despite the central banks of various countries taking steps to increase liquidity in the system, with the Corona virus wreaking havoc on the global economy. In the evening, Dow Jones was down 115 points in the US stock markets and the Nasdaq index was down 7 points.

In the European countries markets, the Futis index of the London stock market was down by 51 points, Germany's Dex was 109 points and France's Cake 40 index was down by 37 points. In the Asian markets, the Nikkei 225 index rose 9.49 points to 17011.53, Hong Kong's Hangsong 200.16 points to 23,263.73. On the international front, crude oil prices remained close at $ 29.29 per barrel in the evening and $ 28.45 per barrel of crude oil.