Investors suffered a major setback in the Indian stock market on Thursday morning. The Sensex fell by about 700 points in one fell swoop, due to which the investment value of about Rs 3 lakh crore was wiped out from the market in just a few moments. Panic and anxiety have spread among investors.
Since the market opened, both the Sensex and Nifty have been showing clear signs of a major fall. At the beginning of the day, the Sensex fell by more than 700 points, while the Nifty's fall also exceeded 200 points. It is reported that investors have initially suffered a loss of about Rs 3 lakh crore due to this major fall in the market.
Experts say that the resurgence of the corona infection is a major reason for this sudden fall. New infections are increasing in different parts of the country including Kerala, Mumbai, Chennai and Ahmedabad. Along with this, there is a rise in corona infection in international markets like Hong Kong, Singapore and Thailand, which has caused concern among investors around the world.
Some stocks have been particularly affected by today's market fall. Shares of many companies in the IT, banking and automobile sectors have faced major declines. Shares of several leading companies including HDFC Bank, Infosys, TCS, Maruti, Reliance have witnessed major declines today.
According to analysts, investors are taking a break for now. The international health situation and the increasing rate of corona infection within the country may put some pressure on the market. Although the Union Health Ministry has assured that there is no need to panic, investors are more cautious this time, learning from previous experiences.
There was some stability in the Indian stock market for the last one month, which brought relief to investors. But today's fall once again reminded us how quickly global health problems and uncertainty can affect the market.
At the moment, experts advise that caution should be exercised in investing and it is advisable to avoid taking unnecessary risks. Further review of the situation in the coming days will clarify whether this decline is temporary or if it is a deeper signal.
