Kohram in the stock market, the 14th biggest decline this year, investors' Rs. Erosion of Rs 3.3 lakh crore

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Mumbai, Thursday 15 October 2020

The 10-day rally in the stock market took a break today, the market fell sharply, the stock market in Europe due to the lockdown, and the 14th biggest decline of the year, the Sensex fell 1066 points to 39,728.41 today, the Nifty fell 291 points to close at 11,680.35 .

The BSE Sensex closed at 36,553.60 after falling nearly 2.96 points, or 1,114.85 points, while the Nifty fell 326.30 points to close at 10,80. The day was also Thursday, the biggest tweak in the stock market hit 5 times in March.

The reason for the decline

The decline in the Indian stock market on Thursday was due to signals from global markets, although US markets are under heavy pressure due to fears that the US may not receive a pre-election relief package, the US Treasury Secretary said. The market is shocked by the apprehension.

Investors are also worried as the IMF cuts global GDP forecasts, including in India. The IMF said the global economy, including India, is going through its worst period this year, although the new financial year is expected to improve, one of the reasons for the stock market turmoil. There are also, to put it simply, investors these days are just waiting to make a profit.

World Bank President David Malpas, meanwhile, said the Corona virus epidemic had left the world in the throes of the biggest recession since the Great Depression of the 1930s, and called the Covid-19 epidemic a "catastrophic event for some developing countries and poor countries." The atmosphere is.

Of the 30 Sensex companies, Asian Paint was the only one to close in the green zone, with Bajaj Financial Services, Tech Mahindra and IndusInd being the biggest losers, falling more than 4 per cent.

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