The corona fear now gripped the stock markets again, which had rebounded until yesterday. With the corona cases increasing day by day, the conditions prevailing in the corona second wave country, the scattered lockdowns imposed in various states and the tension holding the stock markets. Meanwhile, global investors’ cautious trading ahead of the US Federal Reserve Meet result continued to put unexpected pressure on markets.
The stock market plunged for the fifth day in a row. The BSE Sensex fell 585 points to close at 49,216. The pain fell 123 points to 14,557 as investors traded cautiously ahead of the US Fed meeting and the Indian market is likely to suffer negative repercussions in the Covid cases.
Investors inclined towards sales Vigilant investors are inclined towards sales in the wake of rising corona cases again in the country. Many states are already imposing lockdowns due to the high prevalence of corona. The Center has also issued warnings that the situation is likely to escalate further. With this, the markets are heading for losses. Domestic stock markets, which had been bullish until recently, are slipping into a series of losses.