Here’s the condition of Sensex-Nifty
Today the Sensex opened with a huge decline of 541 points at 58,254.79 points and this fall went on increasing. The situation became such that the Sensex fell more than 1400 points. The Sensex touched a low of 57,307 points in the day’s trading, while the Sensex could not go above its opening level.
On the other hand, the situation of Nifty also remained the same. The Nifty, which closed at 17,536.25 on Thursday, opened at 17,338.75 points, down by about 198 points. In subsequent trading, this decline increased further and soon the market fell to the level of 17,088. That is, the Nifty saw a fall of more than 350 points.
What is the new variant of Corona?
India has become alert after the detection of a new variant B.1.1.529 of the corona virus in South Africa. The central government has instructed the states to increase vigilance. The. Apart from Africa, Botswana, patients of B.1.1.529 variant are also being found in Hong Kong. The B.1.1529 variant is proving to be quite lethal. In such a situation, its bad effect is also being seen on the stock market of India.
Ban on flights to African countries started
Experts around the world are considering this variant as a major threat. This is the reason why the process of stopping flights to African countries has started. Israel has imposed restrictions on travel to and from seven African countries. The Israeli government Countries like Africa, Lesetho, Botswana, Zimbabwe, Mozambique, Namibia and Eswatini have been put on the Red List. At the same time, the UK has banned movement from six African countries. The government there has stopped all flights to these countries.
The fear of lockdown is also haunting
After the new variant of Corona surfaced, now people are afraid of lockdown again. In such a situation, European countries have also started increasing the Kovid-19 booster vaccination. Along with this, strictness in the rules has also been started. Slovakia has also announced a two-week lockdown. The Czech Republic has decided to close the bar soon. At the same time, the number of deaths due to corona in Germany has exceeded 1 lakh.
FIIs are selling
Foreign portfolio investors have started selling in the stock market. According to NSE data, FIIs have sold shares worth about 2300 crores. On the other hand, DIIs are buying very less than this sell, due to which the decline is increasing. Due to this also fear is increasing among investors and they are withdrawing their money fast.
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