Monday, March 23, 2020

CORONA'S RISING HAVOC MARKET PANIC

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Coronation continues in the market from Corona. Even after opening the 45-minute lower circuit, Bikavali is not stopping.

 Nifty Central Bank and Auto shares are showing the biggest decline. Axis Bank, IndusInd have broken more than 20 %. ICICI Bank also slipped more than 15%. They were followed by State Bank of India, which tanked 11 %. Bank of Baroda, PNB, RBL Bank, Kotak Mahindra Bank and Federal Bank shed 5 to 11 %.Hero Moto and Maruti have lost 12 to 14 %. Many auto companies have stopped production till 31 March.

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