Today, the last trading day of the current week, indian markets started the morning with a slump and ended with a slump.
In particular, the Sensex was down 1,687.94 points, or 2.87%, at 57,107.15 points, while the Nifty was down 509.80 points, or 2.91%, at 17,026.50 points.
Meanwhile, 964 shares rose, 2,163 declined and 80 remained unchanged.
Index status
BSE Metals ended the worst 5% decline in the overall index. Similarly, the Nifty BSE and Nifty auto indices fell over 4%, while bank Nifty, BSE Mid Cap, BSE capital Goods, BSE Consumer Durable Goods and BSE oil & Case ended lower by over 3%.
Indices including the same Nifty 50 BSE Sensex, BSE Small Cap, BSE Tech ended above 2% and similar Nifty ID, BSE FMCG indices ended lower by over 1%. Today, Tanikadu Rajavai BSE Healthcare alone has ended unchanged.
Nifty index
Shares in the Nifty index including Cipla, Dr Reddy's Laboratories, Divis Lab, Nestle and tcs were the top gainers, while JSW Steel, Hindalco, Tata Motors, Indusind bank and adani Ports were the top losers.
Sensex index
Shares of Dr Reddy's Laboratories, Nestle and Asian Paints in the same Sensex were the top gainers while shares of Indusind bank, maruti Suzuki, Tata Steel, NTPC and Bajaj Accounting were the top losers.
What is the reason
While the impact of the corona is now beginning to diminish, the impact of the new type of corona, which has transformed dramatically again, has begun to spread to countries including South Africa, hong kong and Botswana.
Thus many countries have begun to increase restrictions. This has had a huge impact on the market.
Outflow of investments
Fears have been raised that this could have an impact on the international economy. Meanwhile, despite the increase in investment by domestic investors over the past few days, foreign investment continues to flow out.
This is also the main reason for the decline in the market. It's a Black friday for investors. Because with the Sensex ending almost 1700 points lower in a single day, the small gains this week may have gone up. This is the worst decline in seven months.
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