BSE Sensex is currently trading with a fall of more than 1160 points. In the morning, BSE opened at 58,254.79 with a fall of 540.3 points. At the same time, during the trading so far, it fell by 1,488.01 points. On the other hand, Nifty has also seen a decline of 448.05 points so far. According to experts, the recovery of the economy may be affected by the new variant of Kovid-19. Due to this fear, there is panic among investors and such a fall is being seen.
Right now BSE Sensex is trading down 1277.25 points or 2.17% at 57,517.84 points and Nifty is down 391.60 points or 2.23% at 17,144.65 points.
10 out of 11 sectoral indices declined
Apart from pharma, all other sectoral indices declined. The biggest decline is being seen in reality, media, and banking stocks.
29 out of 30 Sensex stocks are in the red mark
29 out of 30 stocks of Sensex are in red mark. Only Dr. Reddy is among the top gainers. The biggest decline is being seen in the stocks of Bajaj Finserv, Bajaj Finance, Maruti.
three reasons for the decline
New covid variant:
A new variant of the coronavirus has been found in South Africa. After the variant came to the fore, the Health Secretary to the Government of India has issued instructions that all international travelers coming to India should be intensively tested for corona.
According to data available with the NSE, foreign portfolio investors (FPIs) have sold Rs 2,300.65 crore in domestic stocks. This selling is more than buying by Domestic Institutional Investors (DIIs). The sell-off has also dampened investor enthusiasm.
Weak cues from Asian markets
There is also a downward trend in all the Asian markets, which is affecting the domestic market as well. SGX Nifty, Nikkei, Strait Times, Hang Seng, Taiwan Weighted, Kospi, Shanghai Composite all lost 1-2%.