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Stock market open with heavy fall between Coronavirus infection and lockdown, BSE down 2841 points and Nifty 809 points

Mumbai. Markets opened today, with the Coronavirus outbreak and lockdown in many parts of the country. In morning trade, BSE is trading down 2841.59 points at 27,074.37 points. Similarly, the Nifty is down 809.25 points at 7,936.20 points. On Sunday, the Prime Minister announced a public curfew due to increasing coronavirus. Subsequently, several states have announced a lockdown by 31 March.

Rupee slipped below 76 for the first time

The rupee opened at 75.69 against the dollar and slipped below 76 shortly. This is the lowest level ever.

The market was up on Friday

The country’s markets closed in the lead on Friday due to the steps taken by the government and RBI. The Sensex gained 1627.73 points to 29,915.96 points and the Nifty closed 482.00 points higher at 8,749.70 points. At the same time, there was a decline in American markets. The Dow Jones dropped 913 points to close at 19,174. Similarly, the Nasdaq Composite was down 271 points at 6,879.52. The S&P fell 104 points to 2,304.92 points.

Oil companies loss up to 8.5%

The petrol-diesel consumption will come down due to the lockdown. Fearing this, investors are selling shares of oil companies.

Fall in company share

BPCL 8.41%
Hindustan Petroleum 6.43%
Indian Oil 4.23%

Banking sector shares fall by 12%

Axis Bank 12.72%
ICICI Bank 11.80%
SBI 6.99%
Bank of Baroda 6.17%
Kotak Mahindra Bank 6.15%
PNB 4.97%

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