Worldwide markets have been stung by the Corona virus. There is a tremendous decline in the stock market. On Friday, the Sensex fell by a whopping 1448.37 points.
The Sensex has closed at 38297.29 points. This is the second major fall of the Sensex. Talking about the Nifty, it has dropped 414.10 points to the level of 11219.20.
The Sensex has slipped 7 percent in the last 6 months.The Sensex declined by 3.64 percent and the Nifty declined by 3.56 percent. Since last 6 days, there is a tremendous decline in the stock market.
The stock market has come down on Friday as soon as it opens. The Sensex opened with a fall of 1070 and remaineTalking about the Nifty. The Nifty has also recorded a decline of 322 points and is open at the level of 11310. The BSE Sensex opened with a steep fall of 1100 points on Friday morning.
The Nifty has also lost 300 points. Corona virus is believed to be behind such a big decline in the stock market. This decline is not recorded by the slipping of shares of companies in any one sector.
From the banking sector to the auto sector, there is a trend of weakness. Shares of several companies, including Yes Bank, Tota Motors and Vodafone, State Bank of India, Punjab National Bank, Vedanta, fell sharply.d at the level of 38675 at quarter past 10 this morning.