The fast-growing transition of Kovid-19 and the restrictions imposed by the states due to this triggered a stir in the stock market today and the BSE Sensex and the Nifty of the National Stock Exchange fell to near two-and-a-half-month lows amid all-round selling. New cases of Kovid-19 in the country have been increasing continuously since the last few days. According to the data released on Monday morning by the Union Health Ministry, 1,68,912 new cases have been reported in the last 24 hours.
Many states have imposed fresh restrictions to control the infection. Investors fear that a lockdown-like situation may once again occur. The Sensex, which was under pressure from the beginning, closed at 1,707.94 points, or 3.44 percent, to close at 47,883.38 points at the end of trading. The Nifty also fell by 524.05 points, or 3.53 per cent, to 14,310.80. Investors lost Rs 8.69 lakh crore due to the fall in the stock market. This is the biggest one-day decline in both the major indices since February 26 this year.
The Sensex closed below the 48,000 mark for the first time since January 29, while the Nifty is the lowest since February 1. The rupee also fell 32 paise to close at 75.05 per dollar due to weak investment sentiment, which is an eight-month low. There was more pressure on the shares of medium and small companies. The BSE midcap closed 5.32 percent down at 19,656.75 points. The smallcap slipped 4.81 percent to 20,557.01 points.
