Kohram, Sensex close at 1,115 while Nifty index closes at 326

New Delhi, 24 September 2020 Thursday

The Indian stock market witnessed a sell-off on Thursday, with all the stocks, big and small, collapsing in the storm, the recession taking over the entire market, the sixth consecutive sell-off in the stock market.

Indian stock markets were also washed away in the downturn of foreign stock markets and further pressure was put on the market under the China-Corona concern. The Sensex-Nifty saw a sharp fall of 3-3% in Thursday's session.

The BSE index fell 1,115 points to 36,554 and the Nifty 50 index closed at 10,805, down 326 points.

Thursday was the September futures expiration and the 300-point crash seen on the day of the expiration was the biggest expiry daily decline in the last 9 years.

The stock market also saw a sharp decline on Monday this week, which has alarmed investors. There are many reasons for the decline, with the US Federal Reserve's statement indicating that the situation in the world's largest economy is very fragile.

Thursday was the expiration date of the F&O deals of the September series, the expiration was also affected by weak sentiment in the market, selling pressure in the global markets continues to rise, the case of Corona in Europe including France and Britain is again a concern in markets around the world.

During Thursday's trading session, shares of 26 companies hit their 52-week highs while only a dozen companies saw their 52-week lows.

Only 3 stocks were seen trading on the Nifty 50 index while 47 stocks were seen trading at the red mark, only one stock rose on the Sensex and the other 29 stocks closed with declines.