Dow Jones: Historic 1190-point bust, rupees 11 lakh crore rupees in six days

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Ahmedabad. 28 February 2020, Friday

The Indian stockmarket was also disrupted for the sixth consecutive session after an earthquake in the foreign market due to corona care. The benchmark index also saw a rise of 2.80% by mid-morning.

In the midst of the outbreak of the Corona virus, the world market is facing downward sloping wires. The American index of Dow Jones has hit a chord yesterday. Dow Jones was down 1190 points, or 4.4 percent, the largest single day in the history of the US stock market. The other index S&P 500 also closed at 2978.76, down 4.47%, down 137.63 points. In addition, Nasdaq also lost 414.31 points, down 4.61 percent.

All three American indices have now seen the biggest sell-off since the economic depression of 2008. Heavy erosion of the American stock market has also led to a sharp decline in the market cap of gigantic technology companies like Google and Microsoft.

The brooder market is seeing worse. The BSE midcap and smallcap index are up more than 3.25%. The metal index saw the highest two-year high of 6.08%.

Investors lost Rs 6.31 lakh crore in the next five days. With today's decline, erosion of Rs. 11.31 lakh crore in 6 days. In the first hour on Friday, investors were washed away Rs 5 lakh crore, continued erosion since morning, and the market lost Rs. 3,93,471 crore in the first 15 minutes. In the first hour, about Rs 5 lakh crore of investors were washed away

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