Corona Virus: Sensex & Nifty Continues to Fall

The global outbreak of the corona virus has worried markets around the world and its impact on the Bombay Stock Exchange is still felt today.Markets opened on Monday after a historic fall and a miraculous rise on Friday. In the first hour, the Bombay Stock Exchange’s Sensex fell by 1,851 points, while the National Stock Exchange’s Nifty fell by 524 points.Also on Friday (March 13), Nifty fell 10.07 per cent after the start of trading in the lower circuit. Trading was suspended for 45 minutes after the circuit started. For the first time since 2008, the stock market had a lower circuit. The Sensex fell more than 3,000 points at the start of trading. But then the Sensex rose by 1,500 points. The Sensex, Nifty and Bank Nifty are at their lowest levels in three years. The Nifty Midcap Index was at a four-year low.Earlier on Thursday (March 12) morning, all Asian markets also fell. Stock market indices in Japan, Hong Kong and China also declined.Earlier on Wednesday (March 11), the Dow Jones S&P 500 on Wall Street in the US had its biggest drop since 1987. Its repercussions are still being felt in Asian markets. Stock markets around the world have been affected after the World Health Organization declared coronavirus a pandemic. It is also the result of US travel restrictions. The failure to reach an agreement among oil-producing countries has led to a fall in international crude oil prices, which has affected shares of oil companies around the world. The global outbreak of the corona virus again affected the stock market on Thursday (March 12). Both the Sensex and the Nifty fell as trading started yesterday morning. Stock markets around the world have been falling since last week.The effects were felt on Wall Street in the United States. The Dow Jones fell 1,500 points (5.8%). The fall in the US had an impact on trading in Asian markets on Thursday morning. Japan’s Nikkei 225 index fell 4.5% in morning trading, Hong Kong’s Hang Seng index fell 3.8% and China’s Shanghai Composite index fell 2%. Shares of Reliance Industries have plunged 20% in the Indian stock market over the past month. This is the biggest drop in Reliance shares in the last 10 years. The fall in global crude oil prices by about 30 per cent had an impact on shares of oil producers.