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The fear of corona virus is pulling down the stock market every day; fear of corona dominates the market. Today market has closed at a 3-year low today. Sensex closed 5.59 % down at 28869 today, while nifty closed down 4 % at 8541. Banknifty has lost 1700 points. Private banks have slipped more. Indusind Bank has fallen 73% in 3 months.Today Indusind Bank has lost 30 %. This stock is looking at a 6-year low. Banks are the biggest contributor to the market collapse. Kotak bank 9 % & hdfc twins have slipped 5-5 %. Bank Nifty is getting the highest selling pressure. Bank Nifty is broken 7 %. Indusind bank & SBI have recorded the biggest decline in the last two decades. ICICI Bank, Kotak Mahindra and Axis Bank have put pressure.On the other hand, telecom shares are scattered due to relief from SC. Consumer durable, psu, realty all are beaten up today. IT, auto stocks are also down today.
TOP GAINERS- ZEEL,YESBNK,ONGC,ITC,TCS
TOP LOSERS-INDUSIND BANK,INFRATEL,HDFCBNK,JSWSTEEL
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