Share Market Today: Corona virus attack continues on the stock market. The market opened with a heavy fall on Monday. At 9.27 am, the Sensex lost 2300 points at 27565.
At the same time, the Nifty lost 671 points and remained at 8051. Earlier on Friday, the domestic stock markets looked a little dull. Investments at the BSE and NSE were fiercely buoyed at lower levels of buying and the expectation of a stimulus package from the government for many sectors and a positive trend in overseas markets.
At the end of the trading day, the 30-share BSE Sensex closed at 29,915.96 points, a gain of 1,627.73 points or 5.57 per cent. On the other hand, the National Stock Exchange (NSE) 50-share major index Nifty also improved by 482 points, or 5.83 percent, to 8,745.45 points.
Lockdown in Mumbai, stock market still open
Let me tell you, there is a lockdown in Mumbai due to Corona virus and it was being said that the stock market will not open either, but the capital market regulator Sebi and the stock markets said on Sunday that all the segments of the market will continue to function like normal days on Monday.
Regulatory authorities and the stock markets rejected suggestions to cut the hours. However, the stock markets have allowed their brokers to work from home (work from home). This system will continue till April 30 or until amendment according to the needs of the time.
Seeing the serious impact of the corona virus on the economy, Prime Minister Narendra Modi on Thursday announced the formation of the Kovid-19 Economic Task Force. Finance Minister Nirmala Sitharaman will lead this task force.
This task force will assess the impact of the Corona epidemic on various sectors of the business and suggest measures for its revival. Due to this news, investors in stock markets on Friday emphasized the value buying of many stocks. Experts said that this task force will soon come up with concrete measures.
Regarding the day’s trading, Vinod Nair, head of research, Geojit Financial Services, said that the Indian stock market closed up about six per cent on the positive trend of foreign markets.
Although Corona is seeing an impact on the world economy, the announcements of relief packages by the central banks of several countries have helped the markets.
Other major markets in Asia were positive in terms of foreign markets. Shanghai, Hong Kong and Seoul shares closed up seven percent. European stock markets also showed a jump of up to five percent during early trading.
