Stock market opens with 45 minutes delay amid lockdown; Sensex, Nifty plunge 10%

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Published by Ishan Soni on 23 Mar 2020

Today, on Monday, the stock market opened with a significant delay of 45 minutes due to constant lockdown conditions. Because of the same, the entire market crashed by more than 10%. Both Sensex and Nifty faced lower trading bounds and investors are worried about their portfolio.

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Talking about an overview, the investors and traders have lost more than Rs 10.3 trillion market-top till 10:30 AM. The S&P BSE Sensex dropped by 3,140 points or 10.4 percent, to the lower levels of 26,760 points. The Nifty50 list also fell by 9.89 percent or 865 points to the weak levels of 7,880.

The banking and auto sector was among the top losers on the stock market because of the weed end off and ongoing lockdown. The Nifty Bank record was down more than 15 percent. The Axis Bank tumbled 19 percent and IndusInd Bank was down 18 percent. ICICI Bank also faced a crash of approx 15 percent.

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In the more extensive market, the S&P BSE MidCap list was exchanging with a 6.9 percent cut and the S&P BSE SmallCap list was down 9.4 percent.

Along with this, the loan sector including various domains including vehicles, property, banks, including non-banking financial companies (NBFC) and home loan companies have failed up to 20 percent on Monday as most parts of the country are preparing for long lockdown.

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