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Corona virus terrified market, Sensex 458 point beating, ; Tata Steel tanks 4%, IndusInd 3%.

27/01/2020

New Delhi, Jan 27(HS):  The domestic stock market closed with a heavy fall on Monday due to weak global signals and also over Coronavirus rapidly spreading from the Chinese city of Wuhan.

Apart from this, investments are conscious even before the budget presented this week. Due to which the Sensex and Nifty fell on Monday and closed down. The Sensex lost 458 points to close at 41,155, while the Nifty slipped 129 points to close at 12,119.

The Nifty Financial Services index was down with its components trading lower in Monday's afternoon session. HDFC Bank (down1.64 per cent) , Kotak Mahindra Bank (down 1.52 per cent) , HDFC (down 1.35 per cent) , State Bank of India (down 1.22 per cent) , HDFC Life (down 0.71 per cent) were the top losers.

This is the second time in January when the Sensex has closed with such a huge fall. Investors have suffered a major setback due to weakness in the market. Over 1 lakh crore rupees have been tanked. 

On Friday, the market cap of the total companies listed on BSE was Rs 1,60,27,558.60 crore. At the same time, it has reduced from Rs 1,05,453.44 crore to Rs 1,59,22,105.16 crore. In this way, the investors lost more than Rs 1 lakh crore.

Hindusthan Samachar / Radha / Nagaraj Rao


 
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