Share market: Sensex tanks over 1,100 points, Nifty 335 over Coronavirus fears
Share market fell with the Sensex falling 1,100 points as coronavirus fears deepened. The BSE Sensex was trading at 38,597.53, lower by 1,148.13 points or 2.89 per cent and National Stock Exchange was trading at 11,297.45, lower by 335.85 points or 2.89 per cent from its previous close.
The share market fell early on Friday, with the Sensex falling 1,100 points as coronavirus fears deepened. At 9.50 a.m., the BSE Sensex was trading at 38,597.53, lower by 1,148.13 points or 2.89 per cent from the previous close of 39,745.66. It had opened at the intra-day high of 39,087.47 and has so far touched a low of 38,587.51 points.
The Nifty50 on the National Stock Exchange was trading at 11,297.45, lower by 335.85 points or 2.89 per cent from its previous close. Concerns of coronavirus turning into a pandemic and spreading into countries outside China have off late impacted investor sentiments both in the global and domestic markets.
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Market selloff: 1,767 stocks turn red, 274 defy trend on BSE
(PTI)More than 1,700 BSE-listed stocks, mostly from the mid-cap and small-cap space, witnessed heavy selloff on Friday, as equity markets crashed amid rising fears of the coronavirus outbreak turning into a pandemic.
As many as 323 shares on the Bombay Stock Exchange from Group A, B, T and Group Z, dropped to their 52-week low levels. While, a total of 205 companies on BSE saw their share prices touching their lowest permissible level for the day.
However, as many as 274 stocks defied the broader market trend and were trading in the positive territory, while 57 stocks breached the upper circuit limit. As many as 24 stocks touched their one-year highs, even as the broader market sentiment remained sluggish amid tremendous selling pressure.
Out of the 2,124 companies being traded on BSE, 274 were in the positive territory. 83 stocks remain unchanged at 1100 hours.
Market capitalisation (m-cap) of BSE-listed companies also saw a massive decline as the carnage in the equity market wiped out investor wealth worth Rs 4,65,915.58 crore. Total m-cap stood at Rs 1,47,74,108.50 crore in morning session.
Bloodbath on Dalal Street erodes nearly Rs 5 lakh cr investor wealth
(PTI)Domestic investor wealth plummeted by nearly Rs 5 lakh crore on Friday as equity markets crashed tracking global equity selloff amid rising uncertainty over the economic impact of coronavirus outbreak. Market capitalisation (m-cap) of BSE-listed companies saw a massive decline after the 30-share index sank 1,100.27 points, or 2.77 per cent, to 38,645.39, and the NSE Nifty cracked 329.50 points, or 2.83 per cent, to 11,303.80.
The carnage in the equity market wiped out investor wealth worth Rs 4,65,915.58 crore, taking the total m-cap to Rs 1,47,74,108.50 crore on the BSE.
The m-cap of BSE-listed companies stood at Rs 1,52,40,024.08 crore at the end of trading on Thursday.
All Sensex components were trading in the red, led by losses in Tata Steel, Tech Mahindra, Infosys, Mahindra and Mahindra, Bajaj Finance, HCL Tech and Reliance Industries. Traders said investor sentiments also remained fragile amid incessant foreign fund outflows. On a net basis, foreign institutional investors sold equities worth Rs 3,127.36 crore on Thursday, data available with stock exchanges showed.
Foreign investors have sold equities worth Rs 9,389 crore so far this week, provisional data on the stock exchanges showed.
On the BSE, 1,602 scrips declined, while 183 advanced and 62 remained unchanged.
In the broader market, the BSE SmallCap index fell 3.45 per cent, while BSE MidCap index declined 3.53 per cent.
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