Share Market Big Fall: The new Corona variant created an outcry in the stock market, in a few hours, investors lost Rs.6 lakh crore!

Mail Us For Business inquiry
- Advertisement -

Share Market Big Fall: Today the stock market has opened with a heavy fall. There was such a time in the Sensex today when the fall exceeded 1400 points. Nifty also slipped over 350 points. The reason for such a big drop is a new variant of the corona virus, due to which there has been a panic in the whole world. Due to this, there was a huge fall in the stock market and within a few hours, about 6.55 lakh crore rupees of investors were lost. The market capitalization of the Sensex declined to Rs 259.11 lakh crore from Rs 265.66 lakh crore.

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.

also watch this video

Vijay Kedia Investment Rules: 5 investment rules of Vijay Kedia, from which he earned crores of wealth!


- Advertisement -
Mail Us For  DMCA / Credit  Notice

Recent Articles

Stay on top - Get the daily news in your inbox

Related Stories