Heavy fall in stock market in early trade due to possible lockdown
Foreign stock markets observe a steep decline due to the rise of Coronavirus cases and the possibility of a lockdown
Mumbai: Domestic stock markets fell for the fourth consecutive day on Thursday amid negative signals received from abroad and the Sensex and Nifty fell more than one and a half percent on opening.
The BSE Sensex went over 600 points in the first half-hour and the Nifty of the National Stock Exchange fell by 180 points. There was all-round selling in the market. This is the fourth consecutive day the domestic stock markets have been in decline.
Foreign stock markets are witnessing a steep decline due to rising Covid cases and the possibility of a repeat lockdown. Today, the domestic market collapsed due to the fall in the American stock markets on Wednesday.
The Sensex lost 386.24 points to open at 37,282.18 points and in a short time, plunged to 37,058.79 points, taking a dive of about 610 points. The National Stock Exchange‘s Nifty fell 120 points to open at 11,011. In the first half-hour, it dropped by 180 points to 10,951.80 points.