Stock Market Today: Sensex drops 1340 points due to fear of Corona, Nifty near 14,240, selling in banking shares

The impact of fast-growing corona cases across the country is being seen in the Indian market (Stock market today). There is a huge selling in the market on the first trading day of the week. The Sensex slipped 1340.43 points, or 2.74 percent, to reach the level of 47,491.60 after one hour of early trading in the market. Apart from this, the Nifty index is trading down 376.85 points i.e. 2.58 percent. The Nifty is currently at a level of 14,241.00.

At the time of market opening in the morning, the BSE Sensex (BSE Sensex) was trading at a level of 47,940.81, a fall of 891.22 points, or 1.83 percent. Apart from this, the Nifty index (NSE Nifty) was at 14,284.80, down 333.05 points, or 2.28 percent. Let me tell you, there is no relief from the second wave of Corona. In the last 24 hours, about 2 lakh 75 thousand new cases have come to the fore. At the same time, 1620 people have died.

Talk about Asian markets, pressure is also seen here on the first day of the week. SGX NIFTY is getting pressure of 160 points and Dow futures 100 points. However, the DOW and the S&P 500 closed at record highs on Friday.

Talking about 30 shares of SENSEX, today all the shares are trading in the red mark. Fast selling dominates in the market. IndusInd Bank is on the list of top losers with a decline of 4.99 percent. Also including Bajaj-Auto, Axis Bank, ICICI Bank, SBI, HDFC, Bajaj Fin, ONGC, Kotak Bank, NTPC, HDFC Bank, Maruti, ITC, Reliance, TechM, TCS, Sun Pharma, Dr. Reddy, TCS, and Nestle India Selling in all 30 stocks.

Talking about the sectoral index, today only the healthcare sector is trading in the green mark. Apart from this, all are trading in red marks. BSE Auto, Bank Nifty, Capital Goods, Consumer Durables, FMCG, IT, Metal, Oil & Gas, PSUs, and Tech sectors are being sold.