Continuation of decline in stock market with record rise in Corona transition, Nifty also dived 330 points


The stock market continues to fall at the same pace as the corona infection is increasing across the country. On Monday, the Sensex saw a decline of around 1500 points, with a record increase in cases of Kovid infection. Along with this, the Nifty also recorded a decline of 330 points.

Investors Concern

At present, the pace of corona infection is uncontrollable at the moment and its direct impact is visible on the stock market as well. Market experts say that investors are worried about how long it will take to control the condition of Kovid and how much pressure our medical system will be able to bear. This was the third consecutive time on Monday when the Sensex fell more than 1,000 in intra-day trade. Two weeks ago, when the number of corona infects crossed the 1 lakh mark for the first time in the country, the market closed with a loss of around 900 points. The index closed at over 1,700 points last Monday. According to the data, the rupee also closed at 74.90 rupees per dollar, up 55 paise against the US dollar.

More than 2 lakh new infected patients coming from last 5 days

Meanwhile, India reported 2,73,810 new coronovirus cases on Monday, with Corona not taking the name of new Corona-infected patients going below 2 lakh for the last five days. With 1,619 deaths, the number of deaths due to corona in the country has increased to 1,78,769. The lockdown has been imposed till 26 April in the country’s capital. Things are worse in Maharashtra and the industrial capital Mumbai and the direct impact of these conditions is visible in the stock market, Sensex and Nifty.

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