The domestic stock market continued to decline on the second day of the week. Rapidly increasing cases of corona virus in Europe put pressure on the market.
New Delhi: The domestic stock market continued to decline on the second day of the week. Rapidly increasing cases of corona virus in Europe put pressure on the market. At the same time, fraud with banks also discouraged the market.
In countries such as France, Austria, UK and the Netherlands, cases of corona virus are increasing rapidly in Europe, after which the fears of renewed lockdown have increased. Germany’s Health Minister has feared that the transition from these countries may also return to Germany late in the morning.
At 9.30 am, the BSE Sensex was seen trading at a level of 37,809 with a weakness of 225 points or 0.59 per cent. At the same time, the Nifty 50 index also recorded a decline of 70 points or 0.62 per cent at the level of 11,181.
On Monday, the US stock market recorded a big decline. The Dow Jones dived by 1.84 percent, while the S&P 500 index lost 1.16 percent. The Nasdaq Composite ended the session with a weakness of 0.13 per cent.
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The BSE Midcap index weakened by three and a half percent and the Smallcap index by four percent. Only the BSE IT index appeared on the green mark. The realty index dived 5 percent. Healthcare and industries index weakened by 3–3 per cent.
Only four stocks appeared on the BSE Sensex in green. Tech Mahindra shares rose 1.18 percent to Rs 796.40. Apart from this, only the shares of Tata Consultancy Services, HCL Technologies and ICICI Bank appeared in green mark.
On the other hand, Tata Steel shares plunged 3.56 per cent to Rs 359.83. Bajaj Finance shares rose by Rs 3.02 per cent to Rs 3,227.25. ONGC, Saruti Suzuki and IndusInd Bank lost 3.02 per cent, 2.48 per cent and 2.40 per cent, respectively.
Apart from Japan, Asian markets have broken up by 0.5%, while Japan’s markets are closed today. Australian markets showed weakness of up to 0.7 per cent. The Hong Kong market also broke up by half a cent. China’s market also remained in the red mark.
On Monday, foreign portfolio investors sold heavily in the Indian stock market. During the last session, he sold shares worth a net Rs 539.81 crore. On the same lines, domestic institutional investors also loosened shares worth Rs 517.95 crore.
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