NIFTY BLED BY CORONA

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The corona virus also did not leave the stock market untouched. Lower circuit has been installed in the market due to the sharp decline in the country's markets due to the fear of spreading the virus. After the opening of the Lower Circuit, vigorous selling continues. The Sensex plunged 3,185.84 points to 26,730.12 and the National Stock Exchange's Nifty dipped 923.95 points to 7,821.50 points.Over Rs 10 lakh crore of investors' assets were sunk during the initial one-hour trading on the stock market on Monday. During this period, the market witnessed heavy selling and the major indices broke more than 10 percent. The market has almost reached a six-year low. Banking shares are seeing a tremendous decline. Axis Bank, ICICI Bank, indusind Bank and Bajaj Finance saw strong declines. Hero Moto and Maruti have also declined. Many auto companies have decided to stop production by 31 March.Shares of the bank, realty and finance sectors have suffered a major setback. RIL was down by 12% and TCS by 5%.

In terms of marks, the biggest decline has been seen today. The Sensex has dropped nearly 4,000 points for the first time today. At the same time, the Nifty also saw a fall of more than 1000 points. %. Sensex ended 13.15 % in the red at 25981 & the Nifty plunged 12% at 7610. Everyone was seen in the market in the tsunami of Corona. The bank Nifty lost 17%. On the other hand, the rupee also fell to a record low today against the dollar. The corona virus outbreak has all but killed the risk appetite, given the sharp fall in equity markets across the globe. One of the big reasons for the market crash is the selloff by foreign institutional investors as corona virus cases spiralled outside China. India is virtually under lockdown, manufacturing companies are announcing shutdowns and domestic stocks are falling like a deck of cards. HEROMOTOCORP, ZEEL, GMRINFRA, PVR, TATAMOTOR, LUPIN, ESCORT this are the stock was in news today .In that Shares of Axis Bank tanked as much as 29%.

HAPPY SHARE –IBULHFIN
SAD SHARES-YES BANK, AXIS BANK, SBI, ASHOKLEYLAND, ICICIBANK, ITC, ONGC, VEDL, PNB