#BaazaarKiBaat: Zee Business' #BandKaroBazaar campaign gets support from market expert Deena Mehta - What she said
Coronavirus is showing its negative impact on the stock market in an unprecedented manner.
Coronavirus is showing its negative impact on the stock market in an unprecedented manner. As the stock market continues to tank even on Monday, Deena Mehta, Managing Director, Asit C. Mehta Investment Intermediates Ltd, while speaking to Zee Business said that she never anticipated that the markets will witness such a bad situation. "This is unprecedented, and SEBI must take some unprecedented action to handle this situation."
Moreover, seconding the Zee Business' #BandKaroBazaar campaign to shut markets temporarily, Deena Mehta suggested that this is a massive plunge, and if we continue to open markets that will result in an even bigger loss.
Noteworthy, Zee Business' is running a campaign #BandKaroBazaar and many market experts have come forward to support the campaign aggressively demanding the much-needed action of shutting the markets temporarily.
Earlier, in the morning, sell-off continued in the Indian stock markets as the BSE Sensex fell over 3,200 points after trade resumed on the exchanges after a 45 minute halt. The Nifty50 on the National Stock Exchange also lost over 900 points to trade below the 8,000 mark.
At 11.05 a.m., Sensex was trading at 26,686.71, lower by 3,229.25 points or 10.79 per cent from the previous close of 29,915.96.
It had opened at 27,608.80 and has so far touched a high of 27,900.83 and a low of 26,645.83 points.
The Nifty50 was trading at 7,821.50, lower by 923.95 points or 10.56 per cent from its previous close.
The sell-off was on the back of the coronavirus crisis as several cities and states in India have been put under lockdown. Asian stock exchange too traded in the red.
So far, over 380 confirmed cases of the disease have been reported in India and seven people in the country have lost their lives.
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