All the stock market indices closed in red. Realty index declined the most.
New Delhi: Increased cases of corona virus in many countries have increased the concern of the stock markets worldwide. Actually, Corona cases are increasing again in those countries, which have controlled it to a great extent. Due to this, there was a huge decline on Monday when the European stock markets started trading. This also had a direct impact on the domestic market.
The BSE Sensex fell 811 points to close at 38,034. NSE Nifty 50 also dropped 282 points to 11,222. 4.58 lakh crores of investors were drowned in this decline. The market capitalization of BSE fell to Rs 154.42 lakh crore. The share of Route Mobile, which was listed at a premium of 105 percent in the morning, closed 86 percent above the issue price. All the stock market indices closed in red. Realty index declined the most. The market declined due to:
Corona’s growing cases
Europe was able to control the corona cases to a great extent. Matters have started growing there again. There is fear among investors all over the world. Denmark, Greece and Spain have announced new steps to control Corona. Britain is considering a lockdown again. There are 6000 new cases of infection daily. Germany’s Health Minister has said that the increasing cases of infections in France, Austria and the Netherlands are worrisome. Here, about one lakh people are getting infected every day in India.
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Big selling in European markets
On Monday, the European stock markets were the biggest sellers after July. Investakh is concerned with measures to prevent infection. Apart from this, the news of suspicious transactions in global banks also affected the market sentiment. The S&P 500 index of the US stock market fell 1.8 percent. The tussle between Republicans and Democrats over the next justices of the US Supreme Court continues. Its impact was seen on the US stock market on Friday.
Monday, the FTSE of England’s stock market fell 3.16 per cent. France’s CS slipped 2.76 percent. Germany’s DAX also fell 2.85 percent. Futures of the US stock market was also showing a decline of around 2 per cent.
Rising tension from china
Tension from China is continuously increasing. Talks held at the political, diplomatic and military level so far have been fruitless. China has sent a large number of soldiers related to the fight with the deployment of large number of troops to the LAC. Due to this, India has also been forced to barricade the forward posts. Last week, Defense Minister Rajnath Singh kept the government’s stand on this issue. This shows that despite millions of efforts, there is no sign of stress. This is bad news for the stock market.
