Fourth day drawn Mumbai Stock Exchange Suffered severe degeneration. Many countries’ stock markets were also hit hard after news spread that Covit was spreading to five other countries and threatening the world.
Since the beginning of the Bombay Stock Exchange, the decline has been noticed. At one point there was a drop of 521 points. The index dropped 392 points to 39,888. Likewise, the index dropped 119 points to 11,678.
Sun Pharma’s shares closed strong. Maruti, Larson and Toubro, Hero MotoCorp, Infosys, ONGC and Reliance Industries have also dropped.
Shares of Jindal Steel and Power have declined 5% in metal companies. Shares of NMTC, Hindalco Industries, Legend, Cell, Nalco and Tata Steel have declined.
Companies in the automotive sector, including Apollo Tires, Tata Motors, Ashok Leyland, Motherson Sumi Systems, Maruti Suzuki, Exide Industries, Ayesha Motors, Amaraza Battery, are yet to be supported.
However, shares of major banks like State Bank of India (SBI), Hindustan Unilever (HUL), Asian Paints and UltraTech Cement have risen.
International stock exchanges have also collapsed in many countries following the news of the Kovidi1 (coroner virus). Shares in Shanghai, Tokyo, Seoul and Hong Kong also fell.
It has been reported that the Olympic Games, which are scheduled to begin in Japan this year, may be canceled due to the outbreak of the coroner virus. As a result, the stock market is down 1.1 percent.
The dollar gained 21 paise to 71 71.64 per dollar.