The impact of weak global cues and the rising outbreak of a new form of corona found in South Africa is clearly visible on the stock market. Today, once again there is an earthquake in the stock market. BSE's 30-share Sensex and NSE's Nifty index have declined tremendously. Shortly after resuming trading on the red mark, both indices declined sharply. By 10.35 in the morning, the Sensex fell by more than 1,300 points, while the Nifty lost 400 points. After this, by 11 am, the Sensex slipped 1460 points to a low level. At present, the Sensex is trading at 57,423.55, down 1381.82 points or 2.33 percent, while the Nifty is down 395.05 points or 2.27 percent at the level of 17141.20. Has been doing.
On Friday, the fifth trading day of the week, the start of the stock market was very bad. BSE's Sensex and NSE's Nifty both opened on the red mark. On the trading day, Sensex lost 815.71 points or 1.39 percent and opened below 58 thousand. It started at the level of 57979.38. While the NSE Nifty started trading at 17296.65 with a loss of 239.60 points or 1.37 percent.
After a weak start on Thursday, the 30-share Sensex of the Bombay Stock Exchange finally closed at 58795.09, up 454.10 points or 0.78 per cent, after the day was volatile. At the same time, Nifty also closed at 17536.25 with a jump of 121.20 points or 0.70 percent.
Investors' concerns also increased after the dangerous variant of Corona was found in South Africa. Scientists warned that the new variant B.1.1529 is even more dangerous than Delta and more than 30 new cases have been found in South Africa. This could be a major setback for global recovery.
If we talk about the effect of the new variant of Covid-19, then its effect is visible in the foreign markets as well. Tokyo's Nikkei 225 fell three per cent and Hong Kong's Heng Seng fell 2.1 per cent. The Indian government has also directed states to strictly screen and test travellers arriving from South Africa, Botswana and Hong Kong. Due to this reason, earthquake is also being seen in the domestic market.