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Double hit on investors, Sensex and Nifty fall as Corona and bond yields rise

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New Delhi. Investors are being hit double because of the Corona virus and an increase in bond yields. Along with Maharashtra, many other restrictions have started in other states of the country. On the other hand, there is also an increase in the bond yield. The effect of which is now clearly visible on the stock market. The stock market is witnessing a decline on the first trading day of the week. Sensex has reached the level of 49500. While the Nifty 50 is seeing a decline of more than 50 points. Profit recovery is being seen in banking and metal sector.

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stock market crash
Pressure is clearly visible in the stock market. The Bombay Stock Exchange’s flagship index Sensex is trading at 49,599.65 points, down by 258.59 points. While the National Stock Exchange’s leading index Nifty is trading at 14,686.95 points, down by 57.05 points. BSE Small Cap 69.24 points, BSE Mid-Cap 48.30 and Foreign Investors Index CNX Midcap are trading marginally up by 41 points.

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Bank and metal sector down
Today the banking and metal sector is witnessing a decline. Bank Exchange 299.02 and Bank Nifty are trading with a loss of 291.80 points. BSE Metal 122.72 and consumer durables are trading at a decline of 105.22 points. Oil and Gas 15.89, BSE PSU 34.96, BSE Tech is trading down by 7.21 points. While BSE Auto 14.03, BSE Healthcare 100.83, BSE FMCG 26.34 and BSE IT are trading up by 13.42 points.

Rising and falling shares
Among the leading stocks, Bharat Petroleum Corporation was trading 1.63 per cent, Cipla 1.38 per cent, Sun Pharmaceutical Industries 1.07 per cent, Divis Laboratories 0.99 per cent and Britannia Industries 0.96 per cent. While the decline in shares of Power Grid Corporation of India 1.59 per cent, ICICI Bank 1.55 per cent, HDFC Bank 1.12 per cent, Axis Bank 1.09 per cent, Reliance Industries 1.08 per cent.

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