• About Us
  • Add Post
  • Contact
  • Contribute For Us
  • Homepage
  • Our Authors
  • Privacy Policy
What's Hot

Ireland scrum-half Jamison Gibson-Park out of France showdown by harm

February 7, 2023

Kyle Walker insists Erling Haaland just isn’t an issue for Manchester City

February 7, 2023

Two extra aircrafts with help to be despatched to Türkiye, following President Ilham Aliyev‘s directions

February 7, 2023
What's Hot

Ireland scrum-half Jamison Gibson-Park out of France showdown by harm

February 7, 2023

Kyle Walker insists Erling Haaland just isn’t an issue for Manchester City

February 7, 2023

Two extra aircrafts with help to be despatched to Türkiye, following President Ilham Aliyev‘s directions

February 7, 2023
Facebook Twitter Instagram
  • About Us
  • Contact
  • Add Post
  • Contribute For Us
  • Privacy Policy
  • Our Authors
Facebook Twitter LinkedIn
BusinessLendBusinessLend
  • NEWS
  • BUSINESS
  • AUTO
  • TECH
  • MONEY
  • STARTUP
  • SUCCESS STORIES
  • OTHER
    • Press Release
    • OPINION
Subscribe
BusinessLendBusinessLend
Home»NEWS»Fear of lockdown caused havoc in the stock market, investors drowned 6.41 lakh crore rupees in just 1 hour
NEWS

Fear of lockdown caused havoc in the stock market, investors drowned 6.41 lakh crore rupees in just 1 hour

Bhagyashree SoniBy Bhagyashree SoniApril 12, 2021No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Fear of lockdown caused havoc in the stock market, investors drowned 6.41 lakh crore rupees in just 1 hour
Share
Facebook Twitter LinkedIn Pinterest Email

In the first hour of business, investors have sunk Rs 6.41 lakh crore.

Sensex falls by more than 1300 points.

The stock market has fallen drastically on the first day of the week amid rising cases of corona. The Sensex opened 635 points this morning at the level of 48956. At the same time, the Nifty opened with a loss of 190 points at 14644. Fearing a lockdown, investors have started withdrawing money from the market, due to which all stocks are seeing a decline. At 10.25 in the morning, the Sensex was trading at 4,8251 points, down by 1340 points (-2.70%) and the Nifty was down by 402 points (-2.71%) at 14432 points.

Due to this decline in the market, millions of crores of investors have been drowned. When the market closed last week, the market cap of all the BSE listed companies was Rs 209.63 lakh crore. At this time it has come down to 203.22 lakh crore rupees. In this way, 6.41 lakh crore rupees of investors have been drowned in the last hour. In the top-30 of the Sensex, 28 stocks are trading in the red mark. Only Dr. Reddy and Sun Pharma are seeing a spurt in stocks. IndusInd Bank, Bajaj Finance and SBI were the biggest losers.

Fear of lockdown again

Actually, the speed of the new web of Corono is faster than the old one. Section-144 and night curfew have been announced in many states and cities of the country. Amid growing cases, once again the fear of lockdown has started. Maharashtra is currently the most affected by Corona. According to media reports, on Wednesday, CM Uddhav Thackeray will hold a cabinet meeting in which a decision will be taken to impose lockdown to control the corona.

Second Web of Corona more dangerous than expected

VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, told news agency PTI that the second web expectation of Corona is more dangerous. In such a situation, it is difficult to make a correct assessment about how bad its impact will be on the economy. This is the reason why investors are selling out of panic.

Also read, submit a premium of Rs 800 in this popular policy of LIC, you will get a benefit of 5.25 lakhs on maturity

Also read, good news for more than one lakh employees of LIC, may increase salary by up to 20%

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Bhagyashree Soni
  • Facebook

Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.

Related Posts

Two extra aircrafts with help to be despatched to Türkiye, following President Ilham Aliyev‘s directions

February 7, 2023

MFA shares particulars of terrorist assault on Azerbaijani Embassy in Iran (UPDATE)

February 6, 2023
Add A Comment

Comments are closed.

Advertisement
Editors Picks

Morgan Introduces Electronic Stability Control to Plus Four, Six

November 10, 2022

Iranian foreign money charges for January 14

January 14, 2023

Kyiv’s western allies increase nuclear deterrence after Putin’s threats

September 25, 2022

Anti-immigrant Sweden Democrats have fun election beneficial properties

September 12, 2022
Advertisement
Latest Posts

Ireland scrum-half Jamison Gibson-Park out of France showdown by harm

February 7, 2023

Kyle Walker insists Erling Haaland just isn’t an issue for Manchester City

February 7, 2023

Two extra aircrafts with help to be despatched to Türkiye, following President Ilham Aliyev‘s directions

February 7, 2023

Business Lend is a platform which brings executives officers, entrepreneurs, and venture capitalist together from different sectors. We keep on connecting with our users with the help of our monthly edition carving our way slowly towards the highest readership.

Facebook Twitter Instagram LinkedIn
Must Read
  • Ireland scrum-half Jamison Gibson-Park out of France showdown by harm February 7, 2023
  • Kyle Walker insists Erling Haaland just isn’t an issue for Manchester City February 7, 2023
  • Two extra aircrafts with help to be despatched to Türkiye, following President Ilham Aliyev‘s directions February 7, 2023

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

© 2023 BusinessLend. Designed by ThemeSphere.
  • About Us
  • Contact
  • Add Post
  • Contribute For Us
  • Privacy Policy
  • Our Authors

Type above and press Enter to search. Press Esc to cancel.