The pandemic COVID-19 has created a serious issue around the world, whether it is about human life or economic growth, both decreasing with its increasing effect. No business across countries, effecting the economy very badly. The countries growth is degrading, showing no signs of stopping.
Sensex was recorded below 29000 for the first in 3 years, closed at 5.59% or 1,710 points lower at 28,870. While the Nifty collapsed 4.75% or 426 points to close at 8,542. A total of 5.9 lakh crore of investors lost today on the BSE.
List of top losers (S&P BSE)
|Power Grid Corp||143.85||-11.29|
List of top gainers (S&P BSE)
List of top losers (NSE)
|Power Grid Corp||144.15||-11.02|
List of top gainers (NSE)
The supreme court didn’t provide any respite to the telecom player, the apex court questioned the Solicitor General on telcos’ self-assessments of AGR rules without permission of the court. The banks have large exposure to debt-laden telecom firms, which made them lose today.
- US stock index futures tumbled on Wednesday
- S&P 500 futures were 92 points down, or 3.69%
- SPDR S&P 500 ETFs tumbled 5.6%
- ET, Dow e-minis were down 821 points
- Nasdaq 100 e-minis were down 328 points, or 4.43%
COVID-19 will continue its growth in the coming months until its medicine is discovered and the market growth will continue to tremble until the restrictions among countries are not removed. Which is not possible at present due to the safety purposes of people.
The selling pressure from foreign institutional investors continued and more downside could be coming as the market continue trembling