Corona virus effect, stock market collapses due to pressure in banking sector

new Delhi. Even though Pfizer’s latest report has given a sigh of relief to the whole world, India and America, but the outbreak of Corona virus has started again killing common people. Due to record deaths in the country’s capital Delhi, the equity market of the country is now under pressure after a long time. Sensex is trading down by 200 points. While the Nifty is also falling. The banking sector is witnessing a decline of over 350 points. While the decline in capital goods also remains. IT and other large sectors are trading on the green mark. On the other hand, private banks like ICICI and Axis Bank are seeing a decline.

stock market crash
Today the stock market is witnessing a decline. The Bombay Stock Exchange’s flagship index Sensex is trading at 44017.22 points with a fall of 162.83 points. While the National Stock Exchange’s leading index Nifty 50 is trading down by 38.10 points with a decline of 12900.15 points. On the other hand, BSE Small Cap 52.37, BSE Mid-cap 26.88 and Foreign Investors Index CNX Midcap are trading with a slight gain of 60.60 points.

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Decline in banking sector
Today, there is profit-booking in the banking and capital goods sector. Bank Exchange and Bank Nifty are losing 375.42 and 350.20 points respectively. While Capital Goods is seeing a decline of 126.33 points. BSE PSU 40.36, BSE Tech 5.91 and BSE Metal are trading down by 7.86 points. On the other hand, the auto sector is seeing greenery and is trading at a rapid pace of 196.85 points. While oil and gas is trading at 94.73 points. Consumer durables 75.71, BSE Healthcare 57.98, BSE FMCG 5.61 and BSE IT are trading up by 4.04 points.

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Rising and falling shares
Talking about the first rising stocks, Hero MotoCorp shares are seeing a huge gain of 4.57%. While Bharat Petroleum Corporation is trading at 1.98 per cent. Tata Consultancy Services 1.40 per cent, Bajaj Finance and Bajaj Finance are seeing a gain of one per cent. On the other hand, in case of declining stocks, Coal India 5.46 per cent, Power Grid Corporation of India 2.97 per cent, Axis Bank 1.94 per cent, State Bank of India 1.92 per cent and ICICI Bank shares are falling by 1.87 per cent.

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