stock market downturn

The effect of Corona's havoc is clearly visible on the last trading day of the country's stock market week.

Due to selling in the market since the beginning, both Sensex and Nifty are trading in the red mark.

At 09:18, the Sensex was trading at 60,449, down 376 points, while the Nifty was down 117 points at 18,009.

A decline of 0.62 percent in Sensex and 0.65 percent in Nifty is being seen.

A decline is also being seen in the American stock market.

Due to global pressure and increasing effect of Corona, the stock market may fall.

Along with this, the effect of the possibility of recession in the coming days is also slowly leaving its mark on the market.

Let us tell you that despite the positive global trends on Thursday, the major stock indices could not maintain the initial gains on Thursday and the market closed with a fall for the third consecutive trading session.

Earlier on Wednesday, the details of the meeting of the Monetary Policy Committee of the Reserve Bank of India were released, which had an impact on the market sentiment. Despite a positive start, the 30-share BSE Sensex could not maintain the lead and ended the day at 241.02 points or . It closed at 60,826.22, down 0.39 percent.

Similarly, the National Stock Exchange's Nifty fell 71.75 points or 0.39 percent to close at 18,127.35 points. Losses in Sensex stocks included Mahindra & Mahindra, Bajaj Finserv, IndusInd Bank, Tata Motors, Tata Steel, Larsen & Toubro, Axis Bank and NTPC. On the other hand, UltraTech Cement, Infosys, Asian Paints, Kotak Mahindra Bank, Sun Pharma and Bharti Airtel were among the gainers.

The release of the minutes of the Reserve Bank's Monetary Policy Committee (MPC) meeting also led to selling in the domestic market, as the central bank made some tough comments in it.

RBI Governor Shaktikanta Das had said that the mistake of stopping policy action at this time could prove costly.

The central bank said the fight against inflation is not over. In other Asian markets, South Korea's Kospi, Japan's Nikkei and Hong Kong's Hangseng ended with gains, while China's Shanghai Composite closed lower.

European markets were trading with a boom in mid-session deals.

US markets closed with gains on Wednesday. International oil benchmark Brent crude climbed 0.99 percent to $ 83.01 per barrel. According to provisional data of the stock market, foreign institutional investors (FIIs) invested a net Rs 1,119.11 crore on Wednesday. Sold shares worth Rs.

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