Share Market Today: BSE 810 points, NSE 9000 points down

Share Market Today: The stock market looked somewhat cautious due to the corona virus havoc, but closed with a fall of 810 points at the last.

The Sensex closed at 30579, while the Nifty lost 230 points and closed at 8967. The Sensex was up 203 points at 31,546 at 9.47 am after the pre-opening decline. At the same time, the Nifty was trading at 9263 with a gain of 62 points.

At 9.25 am, Sensex was down 626 points at 30,800 and the Nifty was down by 135 points at 9062.

Earlier, domestic stock markets did not run on Monday in front of investors scared of Coronavirus crisis. Sensex, the 30-share leading index of the BSE, had lost 2,713.41 points in day trading amid poor conditions in overseas markets.

The 50-share Nifty of the National Stock Exchange (NSE) too had lost 757.80 points in the day’s trading. This is the second all-time major fall of both major indices. Sensex settled at 31,390.07 points and Nifty 9,197.40 points at the end of trading on Monday.

Earlier on March 12, Sensex (2,919.26 points) and Nifty (868.25 points) were the biggest losers.

On Monday, all 30 Sensex stocks closed at the red mark. IndusInd Bank shares fell the most by 17.50 percent. Tata Steel, HDFC, Axis Bank and ICICI Bank also lost more than 11 percent.

All sectoral indices fell, while midcap and smallcap also broke up about six percent.

SBI cards were also affected by the deterioration of the stock markets on the day of listing. The company’s shares slipped 9.50 per cent to close at Rs 683.20 against the issue price of Rs 755.

On the NSE, the company’s shares slipped 10.19 percent to settle at Rs 678. At the end of trading on BSE, the company’s market capitalization stood at Rs 64,108.53 crore.

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