BSE Sensex: Stock markets collapsed on the fifth day. The BSE Sensex lost 1,145 points to settle at 49,744. The Nifty lost 306 points and closed at 14,706.
bse Sensex losses
Share Market News: Stock markets collapsed on the fifth day. The BSE Sensex lost 1,145 points to settle at 49,744. The Nifty lost 306 points and closed at 14,706. Shares of the banking and IT sectors, in particular, suffered losses. Investors are worried about this.
Fear of what the day will be like is manifesting in them. However .. Profit booking attempt has taken place in the wake of the stock markets soaring for the last while. Experts say that the index has fallen. In addition, analysts say the lockdown announcement in two cities in Maharashtra has also sparked negative sentiment. The market is expected to rebound early next week. Weak signals internationally and a sharp rise in corona cases in several states domestically have hurt investor sentiment. With this the focus on weekend sales seems to be the main reason for the losses. Rising IT, auto, pharma and banking stocks are also expected to be another reason for the losses.
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