Mumbai. This week has been very bad for the stock market. On Friday, the last trading day of the week, the stock market had the biggest fall in seven months. The Sensitive Index of the Bombay Stock Exchange ie BSE closed with a fall of nearly 17 hundred points. Lakhs of crores of shareholders were sunk in one day’s business. It has been told that the fear of return of corona virus in the world, withdrawal of agricultural laws and selling by foreign investors led to a fall in the market. biggest fall stock market
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However, the 20-share sensitive index of BSE closed at 57,107.15, down 1687.94 points, or 2.87 per cent. While the Nifty fell 509.80 points, or 2.91 per cent, to end at 17,026.45. Earlier on Friday morning, the market opened at 58,254.79, down by 540.30 points. During the day’s trading, it had dropped to 1,801.2 points at one point. Later it improved a bit.
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Actually a new variant of corona virus has been found in South Africa. After this variant came to the fore, the Health Secretary to the Government of India has issued instructions to the states and also directed for intensive corona testing of all international travelers coming to India. This is believed to be one of the reasons for the decline. Apart from this, there is also news that foreign portfolio investors have also sold. This sell-off has also dampened investor enthusiasm. Along with India, all Asian markets remained in a downtrend.
