Stock market down: Sensex breaks down 740 points to close below 48500, Nifty also falls


Today, on the fourth trading day of the week i.e. Thursday, the stock market declined throughout the day. The Bombay Stock Exchange's flagship index Sensex closed down 740.19 points, or 1.51 percent, at 48440.12. At the same time, the National Stock Exchange's Nifty closed at the level of 14324.90, down 224.50 points, or 1.54 percent. The 30-share BSE Sensex had lost 933.84 points or 1.83 percent in the previous week.

Today the Sensex has closed at the lowest level of the week. It reached 49771 on 22 March, 50051 on 23 March, 49180 on 24 March, and today it reached 48440.

Such was the situation of veteran shares

Talking about the big stocks, today the shares of Tata Steel, Doc Reddy, ICICI Bank, HDFC, and L&T closed on the green mark. The shares of IOC, Maruti, Coal India, Bharti Airtel, and Hindustan Unilever closed at the red mark.

Sectoral index tracking

If we look at the sectoral index, today all the sectors except the metal closed on the red mark. These include FMCG, Media, IT, Realty, Auto, PSU Bank, Pharma, Finance Services, Private Banks, and Banks.

Global market fluctuations

Talking about global markets, the Nasdaq index fell 265 points, or 2 percent, to close at 12,961 points. The Dow Jones index closed down three points at 32,420. The S&P 500 index also dropped 21 points to 3,889 points. Hong Kong's Hang Seng index slipped 52 points to 27,866. China's Shanghai Composite Flat is trading at 3,366. Japan's Nikkei index is up 210 points at 28,616. Korea's Kospi index and Australia's All Ordinaries also have modest gains.

Corona increased investors' concern

Investors are concerned by the rising coronavirus epidemic data in the country. Corona cases are increasing rapidly in Maharashtra, Punjab, Karnataka, Kerala, Madhya Pradesh, Chhattisgarh, and Gujarat. These states account for 77.44 percent of new infections. Several states have begun to take stern measures amid the ever-increasing cases of coronavirus. More than 53,476 people have been infected and 251 have died due to corona infection in the last 24 hours in the country.

The market was open on the red mark

The Sensex was down 57.07 points (0.12 percent) to open at 49,123.24 in early trade. The Nifty opened at 14,518.55, down 30.85 points, or 0.21 percent. In early trading today, 518 shares gained, 1060 shares declined. At the same time, there was no change in 65 shares. After this, the market continued to decline throughout the day.

The stock market closed with a fall on Wednesday

On Wednesday, the Sensex-Nifty closed at the red mark. The Sensex was down 871.13 points, or 1.74 percent, at 49180.31. The Nifty closed at 14549.40, down 265.35 points, or 1.79 percent.