Share market at 4-year low, investors drown 3.76 lakh crore

Mumbai. The stock market continued to sell on Thursday for the fourth consecutive day, under pressure from the economy to be affected by the outbreak of the corona virus infection in most countries of the world, including India, bringing it down to a low of nearly four and raising 3.76 lakh crore of investors. Rupees drowned.

The selling pressure continued in the domestic stock market on Thursday due to disappointing foreign signals due to the outbreak of Corona virus. Both the Sensex (BSE Sensex) and the Nifty (Nifty 50) had declines in the index. The 30-share Sensex, based on the Bombay Stock Exchange, or the 30-share BSE, closed with a loss of 581 points at 28,288. At the same time, the National Stock Exchange’s 50-share sensitive index Nifty also fell 217 points to close at 8,655. Once on Thursday, the Sensex had also fallen down to 1,800 points.

The outbreak of the corona virus is increasing all over the world, which has a huge impact on business and there is a huge pressure of selling in the stock markets amid fears of global recession. Experts say that since last Monday, the impact of the slowdown in the American and Asian markets is being seen in the Indian stock market. Due to the slowdown in crude oil and all-round selling, the index is not going up.

The BSE Sensex fell 581.28 points to 28288.23 points and the National Stock Exchange (NSE) Nifty fell 205.35 points to 8263.45 points.

Small and medium-sized companies saw higher selling as compared to the giants, with the BSE midcap slipping 3.70 percent to 10694.34 points and the smallcap falling 4.53 percent to 9721.90 points below 10,000. Due to this sell-off at BSE, its market capitalization today decreased by Rs 376584.30 crore to Rs 10976781 crore as compared to Rs 11353329.30 crore yesterday.

In BSE, except for the increase of 1.66 per cent in telecom, all the groups were in the red mark with metals falling 7.17 per cent, Capital Goods 6.18 per cent and Tech at the lowest by 0.97 per cent. A total of 2561 companies were traded on BSE, out of which 1828 were in decline and 574 in the gain while 159 remained unchanged. Almost all the major indices globally were in decline. Britain’s FTSE 0.51 percent, Germany’s Dax 0.68 percent, Japan’s Nikki 1.04 percent, Hong Kong’s Hangseng 2.61 percent, South Korea’s Kospi 8.39 percent and China’s Shanghai Composite 0.98 percent.